Latin Americans Working for Achievement

Analysis

Latin Americans Working for Achievement is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Latin Americans Working for Achievement reported income of $537k and spending of $432k, spending 80% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $214k to $537k (+151%), an average of +36% a year. The sharpest change came in the year to April 2022, when income rose by 89%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latin Americans Working for Achievement sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Matthews Alive Inc ($537k), Stage Left Childrens Theatre Inc ($537k) and Adirondack Lakes Center for the Arts ($536k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). Other salaries and wages came to $39k. At year end it held assets of $580k against liabilities of $0, net assets of $580k. It reported 4 employees.