Latin Impact Ministries Inc

Analysis

Latin Impact Ministries Inc is a registered charity in United States, based in Freeport, FL. It received its IRS tax-exemption ruling in June 1996, 30 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 Impact Ministries Inc reported income of $324k and spending of $409k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $324k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latin Impact Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Relevant Media Inc ($324k), MLJ Trust ($324k) and Lanteri Center for Ignatian Spirituality ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). At year end it held assets of $200k against liabilities of $6,056, net assets of $194k. It reported 1 employees.