Latino Community Foundation

Analysis

Latino Community Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Foundation reported income of $24.2m and spending of $12.6m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $24.2m (+382%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 218%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Community Bridges ($24.2m), Medsource Community Services Inc ($24.2m) and Stone Belt Arc Inc ($24.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $819k (6.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $54.6m against liabilities of $1.0m, net assets of $53.5m. It reported 25 employees.