Mohawk Valley Latino Association

Analysis

Mohawk Valley Latino Association is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mohawk Valley Latino Association reported income of $105k and spending of $82k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $105k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mohawk Valley Latino Association sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Philly Startup Leaders Inc ($105k), Winston Ireland Corporaton ($105k) and Ogema Area Community Club ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 11% of the total. At year end it held assets of $94k against liabilities of $62k, net assets of $32k.