Latin Union Inc

Analysis

Latin Union Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Latin Union Inc reported income of $504k and spending of $572k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $504k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latin Union Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Sankofa Behavioral & Community Health Inc ($504k), Trinity Foster Family Services of the Bay Area ($504k) and Everybody Rides Metro ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $129k (23% of expenses). Other salaries and wages came to $231k. At year end it held assets of $607k against liabilities of $33k, net assets of $575k. It reported 10 employees.