Latinos in Bio Inc

Analysis

Latinos in Bio Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover science and technology, 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, Latinos in Bio Inc reported income of $157k and spending of $134k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $157k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latinos in Bio Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Community Refugee Relief Initiative Inc ($157k), Jackson Theatre Guild ($157k) and Historical Society of Seabrook ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.9% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.