Portal for Investment in the Latin American Social Sector

Analysis

Portal for Investment in the Latin American Social Sector is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portal for Investment in the Latin American Social Sector reported income of $2.4m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.4m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Portal for Investment in the Latin American Social Sector sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include National Security Archive Fund Inc ($2.4m), Foreign Policy Research Institute ($2.4m) and Associated Kyoto Program Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (1.0% of expenses). At year end it held assets of $2.0m against liabilities of $4,409, net assets of $2.0m.