Latitude Education

Analysis

Latitude Education is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Latitude Education reported income of $256k and spending of $243k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $250k to $256k (+2.4%), an average of +2.4% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latitude Education sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Lee County Band Boosters Inc ($256k), Yerba Buena Parent Faculty Assoc ($256k) and Friends of Waters ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $220k (91% of expenses). At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 1 employees.