Latin World Ministries Inc

Analysis

Latin World Ministries Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 World Ministries Inc reported income of $59k and spending of $65k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $59k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latin World Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Doug Donithan Ministries Inc ($59k), Kingman Area Ministries Inc ($59k) and Power of Dad Ministries ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,068 against liabilities of $0, net assets of $4,068.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.