North Shore Latino Business Center Inc

Analysis

North Shore Latino Business Center Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Shore Latino Business Center Inc reported income of $138k and spending of $171k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $246k to $138k (-44%), an average of -25% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 104% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, North Shore Latino Business Center Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include San Bernardino Valley Conservation Trust ($137k), Citizens for a Better South Florida Inc ($138k) and Arkansas Local Food Network ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $20k, net assets of -$6,210.