Centro Unido Latino Americano

Analysis

Centro Unido Latino Americano is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centro Unido Latino Americano reported income of $1.2m and spending of $751k, leaving 39% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $307k to $1.2m (+298%), an average of +100% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centro Unido Latino Americano sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Lincoln Orchestra Association ($1.2m), World Transformation Movement Inc ($1.2m) and Apple Hill Center for Chamber Music Inc ($1.2m).

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 $334k. At year end it held assets of $686k against liabilities of $0, net assets of $686k. It reported 13 employees.