Latin American Business Organization Inc

Analysis

Latin American Business Organization Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Latin American Business Organization Inc reported income of $112k and spending of $138k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2,264 to $112k (+4854%), an average of +604% a year. The sharpest change came in the year to December 2022, when income rose by 7055%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latin American Business Organization Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Summit-University Planning Council ($112k), Verona Community Center Inc ($112k) and Zee Computer Information Center ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.