LA Puente Enterprises Inc

Analysis

LA Puente Enterprises Inc is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, LA Puente Enterprises Inc reported income of $787k and spending of $792k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $624k to $787k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Puente Enterprises Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Promise Ministries Inc ($786k), DJ Transit Inc ($787k) and Casa for Kids Inc ($786k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% of the total. Other salaries and wages came to $498k. At year end it held assets of $875k against liabilities of $81k, net assets of $794k. It reported 34 employees.