Fundacion Centro Latino Inc

Analysis

Fundacion Centro Latino Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Fundacion Centro Latino Inc reported income of $68k and spending of $102, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $68k (-95%), an average of -95% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 0.9% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fundacion Centro Latino Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within DE. Charities of a similar size with the same main cause include Black Mountain Parent Teacher Organization ($68k), Evans County Christian Learning Center Inc ($68k) and Big Walnut School District Educational Foundation Inc ($68k).

At year end it held assets of $1.4m against liabilities of $12k, net assets of $1.4m.