Latino Resource Institute of

Analysis

Latino Resource Institute of is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2010, 16 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 June 2023, Latino Resource Institute of reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $286k to $1.1m (+298%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 360%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Resource Institute of sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Riddle Roots Community Projects ($1.1m), Childrens Network of Solano County ($1.1m) and Community Rescue Mission Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $837k. At year end it held assets of $316k against liabilities of $152k, net assets of $163k. It reported 15 employees.