Latinx Education Center

Analysis

Latinx Education Center is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Latinx Education Center reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $224k to $1.1m (+375%), an average of +68% a year. The sharpest change came in the year to June 2021, when income rose by 303%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latinx Education Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Quality Education Institute of Durham Inc Q E I D ($1.1m), Arcadia Educational Foundation ($1.1m) and Seeds of Change ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $36k (3.2% of expenses). Other salaries and wages came to $667k. At year end it held assets of $664k against liabilities of $33k, net assets of $632k. It reported 22 employees.