Latinitas

Analysis

Latinitas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Latinitas reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $561k to $1.2m (+116%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Latinitas sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Papillion Recreational Organization ($1.2m), Girls Incorporated of Columbus and Phenix-Russell ($1.2m) and Lift Up Sarpy County ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Other salaries and wages came to $784k. At year end it held assets of $593k against liabilities of $216k, net assets of $377k. It reported 32 employees.