Latinos Unidos Y Floreciendo

Analysis

Latinos Unidos Y Floreciendo is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in March 2022, 4 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, Latinos Unidos Y Floreciendo reported income of $258k and spending of $402k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $921k to $258k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 80% 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 Unidos Y Floreciendo sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include International Rhythmic Gymnastics and Ballet ($258k), Acansa Arts Festival ($258k) and Northwest Connecticut Arts Council Inc ($258k).

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 $78k (19% of expenses). Other salaries and wages came to $116k. At year end it held assets of $252k against liabilities of $19k, net assets of $234k. It reported 7 employees.