Petare-Latam Foundation Inc

Analysis

Petare-Latam Foundation Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Petare-Latam Foundation Inc reported income of $243k and spending of $226k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $262k to $243k (-7.4%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Petare-Latam Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Open Door Food Kitchen of St Joseph ($243k), Arlington Life Shelter Real Estate ($243k) and The D a D Initiative Inc ($243k).

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 $64k against liabilities of $0, net assets of $64k.