Latishas House Foundation Inc

Analysis

Latishas House Foundation Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Latishas House Foundation Inc reported income of $619k and spending of $765k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $619k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latishas House Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Songs of Love Foundation ($619k), Hope Collaborative Christian Community Development Inc ($619k) and New Life Warehouse Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $32k (4.2% of expenses). Other salaries and wages came to $293k. At year end it held assets of $360k against liabilities of $145k, net assets of $215k.