Los Vicentes Inc

Analysis

Los Vicentes Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Los Vicentes Inc reported income of $348k and spending of $340k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $505k to $348k (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Los Vicentes Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Wilson Manor Inc ($348k), Community Living of North Centralkansas Inc ($348k) and Natasha House Inc ($348k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 31% of the total. Other salaries and wages came to $71k. At year end it held assets of $667k against liabilities of $659k, net assets of $8,494. It reported 5 employees.