Latino Academy of Workforce Development Inc

Analysis

Latino Academy of Workforce Development Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover employment, 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 December 2023, Latino Academy of Workforce Development Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $1.5m (-7.9%), an average of -7.9% a year. 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, Latino Academy of Workforce Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Regional AIDS Intercommunity Network of Oklahoma ($1.5m), Seedspot ($1.5m) and Womans Exchange of St Louis ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $93k (7.4% of expenses). Other salaries and wages came to $334k. At year end it held assets of $1.1m against liabilities of $261k, net assets of $883k. It reported 21 employees.