Latino Educational Training Institute

Analysis

Latino Educational Training Institute is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Latino Educational Training Institute reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $1.4m (+489%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latino Educational Training Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Intiwasi ($1.4m), Kanawha Institute for Social Research & Action Inc ($1.4m) and Slavic Christian Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $211k (16% of expenses). Other salaries and wages came to $476k. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $584k.