Latino Counseling Center Inc

Analysis

Latino Counseling Center Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 September 2023, Latino Counseling Center Inc reported income of $4.4m and spending of $3.9m, spending 89% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $1.2m to $4.4m (+278%), an average of +94% a year. The sharpest change came in the year to September 2022, when income rose by 134%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Latino Counseling Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Multicultural Wellness Center ($4.4m), United Methodist Senior Services of Desoto County Inc ($4.4m) and Joseph H Neal Health Collaborative ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $275k (7.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $1.7m against liabilities of $987k, net assets of $670k. It reported 81 employees.