Latino Community Development Center

Analysis

Latino Community Development Center is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 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 Development Center reported income of $327k and spending of $216k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $327k (+170%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 8569%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Community Development Center sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Metro St Louis Community Tax Coalition Inc ($327k), Soteni Inc ($327k) and Kaufman Fund ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.8m against liabilities of $26k, net assets of $1.7m.