El Centro de LA Raza

Analysis

El Centro de LA Raza is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1976, 50 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, El Centro de LA Raza reported income of $26.2m and spending of $18.1m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $26.2m (+126%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Centro de LA Raza sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Via Mobility Services ($26.1m), Boys and Girls Village Inc ($26.2m) and Aid to the Developmentally Disabled Inc ($26.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $327k (1.8% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $50.2m against liabilities of $14.5m, net assets of $35.7m. It reported 244 employees.