Latin America Ministries Board Inc

Analysis

Latin America Ministries Board Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Latin America Ministries Board Inc reported income of $65k and spending of $46k, leaving 29% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $81k to $65k (-19%), an average of -20% a year. The sharpest change came in the year to August 2023, when income dropped by 19%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latin America Ministries Board Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Berean Ministries Inc ($65k), Harvest Projects Revival Center Inc ($65k) and Missionary Enterprises Inc ($65k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $3,590, net assets of $104k.