Latino Media Collaborative

Analysis

Latino Media Collaborative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2021, 5 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 December 2023, Latino Media Collaborative reported income of $1.6m and spending of $1.0m, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $916k to $1.6m (+73%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 303%. 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, Latino Media Collaborative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Louis J Koch Family Childrens Museum of Evansville Inc ($1.6m), Phipps Center for the Arts Inc ($1.6m) and League of Live Stream Theater Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (9.2% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.1m against liabilities of $59k, net assets of $1.0m. It reported 4 employees.