Latin American Association Inc

Analysis

Latin American Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1977, 49 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, Latin American Association Inc reported income of $6.3m and spending of $6.3m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.9m to $6.3m (+29%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 42%. 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, Latin American Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Sheridan House Family Ministriesinc ($6.3m), Alma Via of Camarillo ($6.3m) and Families U S a Foundation Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $147k (2.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $13.6m against liabilities of $668k, net assets of $13.0m. It reported 122 employees.