Organization of Latino Actuaries

Analysis

Organization of Latino Actuaries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2018, 8 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, Organization of Latino Actuaries reported income of $721k and spending of $419k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $214k to $721k (+237%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Organization of Latino Actuaries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Western Montana Chapter for the Prevention of Elder Abuse ($720k), Beacon of Hope Pine Island Inc ($721k) and Ecumenical Coalition for Women and Families ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $997k against liabilities of $35k, net assets of $962k.