Latino Network

Analysis

Latino Network is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2004, 22 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, Latino Network reported income of $28.7m and spending of $21.9m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $28.7m (+163%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Network sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Lutheran Social Services of the National Capital Area Inc ($28.7m), Preble Street ($28.7m) and Heart of Compassion Distribution ($28.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $205k (0.9% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $47.4m against liabilities of $28.3m, net assets of $19.0m. It reported 356 employees.