Latino Community Center

Analysis

Latino Community Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2023, Latino Community Center reported income of $1.9m and spending of $2.4m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $296k to $1.9m (+555%), an average of +60% a year. The sharpest change came in the year to June 2020, when income rose by 317%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Community Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Sparkhope Automotive ($1.9m), Emerson Foundation ($1.9m) and Wiley Christian Adult Day Services Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.0m (41% of expenses). Other salaries and wages came to $508k. At year end it held assets of $2.5m against liabilities of $592k, net assets of $1.9m. It reported 46 employees.