Latinas Welding Guild Inc

Analysis

Latinas Welding Guild Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Latinas Welding Guild Inc reported income of $401k and spending of $566k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $538k to $401k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latinas Welding Guild Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Tioga County Agricultural Association Inc ($401k), Tucson City of Gastronomy ($401k) and Gulf Coast Main Street Corp Biloxi ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $224k. At year end it held assets of $71k against liabilities of $8,034, net assets of $63k. It reported 11 employees.