Amigos the Richmond Latino Center

Analysis

Amigos the Richmond Latino Center is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Amigos the Richmond Latino Center reported income of $407k and spending of $346k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $301k to $407k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Amigos the Richmond Latino Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Chijnaya Foundation Inc ($407k), Asia America Initiative ($407k) and Soul Foundation Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $29k (8.3% of expenses). Other salaries and wages came to $154k. At year end it held assets of $250k against liabilities of $5,312, net assets of $244k. It reported 12 employees.