Latino Advocacy Coalition of Henderson County Inc

Analysis

Latino Advocacy Coalition of Henderson County Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Latino Advocacy Coalition of Henderson County Inc reported income of $62k and spending of $68k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $62k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Advocacy Coalition of Henderson County Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Ayg Foundation Inc ($62k), American Wine Society Educational Foundation Inc ($62k) and Columbia Pathways to Recovery ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $16k. At year end it held assets of $194k against liabilities of $137k, net assets of $58k. It reported 3 employees.