Latin Equip Inc

Analysis

Latin Equip Inc is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in August 1991, 35 years ago. 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 Equip Inc reported income of $278k and spending of $284k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $278k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latin Equip Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Citizens Association of Georgetown ($278k), McNeese State University Alumni Association ($278k) and Wisconsin Athletic Directors Association Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (33% of expenses). At year end it held assets of $40k against liabilities of $0, net assets of $40k. It reported 1 employees.