National Association of Latino Credit Unions & Professionals Inc

Analysis

National Association of Latino Credit Unions & Professionals Inc is a registered charity in United States, based in Del Rio, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, National Association of Latino Credit Unions & Professionals Inc reported income of $334k and spending of $202k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $334k (+204%), an average of +204% a year. The sharpest change came in the year to December 2023, when income rose by 204%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Latino Credit Unions & Professionals Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Knott County Real Properties Inc ($334k), Harvest Hills Inc ($334k) and Beis Aharon Vyisroel Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $88k (44% of expenses). Other salaries and wages came to $23k. At year end it held assets of $262k against liabilities of $6,523, net assets of $255k. It reported 2 employees.