Caminar Latino Inc

Analysis

Caminar Latino Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2004, 22 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, Caminar Latino Inc reported income of $3.8m and spending of $3.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.8m (+200%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caminar Latino Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Trust Care Group Home Inc ($3.8m), Thomas-Grady Service Center ($3.8m) and Advantage Home ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $1.1m (31% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.0m against liabilities of $337k, net assets of $692k. It reported 30 employees.