Latin American Educational Foundation

Analysis

Latin American Educational Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1953, 73 years ago. 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 September 2023, Latin American Educational Foundation reported income of $499k and spending of $723k, spending 145% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $768k to $499k (-35%), an average of -10% a year. The sharpest change came in the year to September 2023, when income dropped by 47%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latin American Educational Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Wisconsin Inc ($499k), Concord Residential Club Inc ($499k) and World Affairs Council-Cincinnati & Northern Kentucky ($499k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $122k (17% of expenses). Other salaries and wages came to $119k. At year end it held assets of $852k against liabilities of $171k, net assets of $681k. It reported 4 employees.