Latinas in Tech Inc

Analysis

Latinas in Tech Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in August 2019, 7 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, Latinas in Tech Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $1.9m (+1103%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 328%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latinas in Tech Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Women Helping Women ($1.9m), Childrens Room - Center for Greiving Children & Teenagers Inc ($1.9m) and Jewish Community Council of Corpus Christi ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $272k (14% of expenses). Other salaries and wages came to $626k. At year end it held assets of $1.7m against liabilities of $354k, net assets of $1.4m. It reported 11 employees.