Latin American Rubber Association

Analysis

Latin American Rubber Association is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Latin American Rubber Association reported income of $186k and spending of $183k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $186k (+367%), an average of +367% a year. The sharpest change came in the year to December 2023, when income rose by 367%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latin American Rubber Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Washington Business Alliance Fund ($186k), Local USA 829 Apprenticeship and Training Fund ($186k) and Redlands Optimist Club Foundation Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 91% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.