Latino Community Foundation of Colorado Inc

Analysis

Latino Community Foundation of Colorado Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Foundation of Colorado Inc reported income of $4.5m and spending of $3.1m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.5m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 251%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latino Community Foundation of Colorado Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Victims of Communism Memorial Foundation Inc ($4.5m), Foundation for Lincoln Public Schools ($4.5m) and Knoxville Symphony Society Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $234k (7.6% of expenses). Other salaries and wages came to $603k. At year end it held assets of $14.7m against liabilities of $166k, net assets of $14.5m. It reported 9 employees.