Latino Community Fund Inc

Analysis

Latino Community Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Fund Inc reported income of $2.7m and spending of $2.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $856k to $2.7m (+212%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 392%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Latino Community Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include St Croix Foundation for Community Development Inc ($2.7m), United Way of Rock River Valley ($2.7m) and Delta College Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $152k (7.2% of expenses). Other salaries and wages came to $990k. At year end it held assets of $2.6m against liabilities of $225k, net assets of $2.3m. It reported 17 employees.