Latinos for Education Inc

Analysis

Latinos for Education Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Latinos for Education Inc reported income of $11.7m and spending of $5.6m, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $11.7m (+427%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 178%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latinos for Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Georgia Southern University Foundation Inc ($11.7m), Child Development Resources Inc ($11.7m) and Citizen56 Inc ($11.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $505k (8.9% of expenses). Other salaries and wages came to $2.7m. It paid $36k in professional fundraising fees. At year end it held assets of $10.4m against liabilities of $75k, net assets of $10.3m. It reported 33 employees.