Latino Community Development Agency Inc

Analysis

Latino Community Development Agency Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1993, 33 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 2024, Latino Community Development Agency Inc reported income of $4.5m and spending of $4.7m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.3m to $4.5m (+37%), an average of +6.5% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Community Development Agency Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Houston Pregnancy Help Center Inc ($4.5m), Nourish Now Foundation Inc ($4.5m) and Sibling Care Foster Family Agency ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $142k (3.0% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.6m against liabilities of $968k, net assets of $2.6m. It reported 122 employees.