Latinos En Spokane

Analysis

Latinos En Spokane is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in January 2021, 5 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 August 2022, Latinos En Spokane reported income of $639k and spending of $511k, spending 80% of its income. Across the 2 years on record, from August 2021 to August 2022, income grew from $472k to $639k (+36%), an average of +36% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latinos En Spokane sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Lever Inc ($639k), Foundation for Body Mind & Spirit ($639k) and Hub-Third Ave Merchants District Management Association Inc ($639k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $21k (4.1% of expenses). Other salaries and wages came to $106k. At year end it held assets of $384k against liabilities of $29k, net assets of $355k. It reported 2 employees.