1616 Latimer Fund

Analysis

1616 Latimer Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, 1616 Latimer Fund reported income of $405k and spending of $366k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $393k to $405k (+2.9%), an average of +2.9% a year. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1616 Latimer Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Hiphopforchange Inc ($405k), Golden Gate Symphony and Chorus ($405k) and India Association of North Texas ($404k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $5,113. At year end it held assets of $311k against liabilities of $0, net assets of $311k.