Coalicion Latinoamericana

Analysis

Coalicion Latinoamericana is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coalicion Latinoamericana reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $932k to $1.3m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coalicion Latinoamericana sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Clean Cause Foundation ($1.3m), Victim Outreach Inc ($1.3m) and Seekhaven Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $84k (6.8% of expenses). Other salaries and wages came to $558k. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $987k. It reported 15 employees.