Latinobuilt Foundation

Analysis

Latinobuilt Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Latinobuilt Foundation reported income of $171k and spending of $349k, spending 204% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $318k to $171k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latinobuilt Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OR. Charities of a similar size with the same main cause include Shawano County Economic Progress Inc ($171k), C F L S Restaurant ($171k) and Dad Guild Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.