Latin American Motorcycle Association USA Inc

Analysis

Latin American Motorcycle Association USA Inc is a registered charity in United States, based in Deltona, FL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Latin American Motorcycle Association USA Inc reported income of $135k and spending of $114k, spending 84% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $103k to $135k (+30%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latin American Motorcycle Association USA Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Houston Double Ten Celebration Committee Inc ($135k), Walnut Tree Thrift Shop ($135k) and LGBT Housing Initiatve ($135k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.