Latin American Civic Association of the San Fernando Valley

Analysis

Latin American Civic Association of the San Fernando Valley is a registered charity in United States, based in Panorama City, CA. It received its IRS tax-exemption ruling in June 1970, 56 years ago. 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 June 2023, Latin American Civic Association of the San Fernando Valley reported income of $711k and spending of $934k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $637k to $711k (+12%), an average of +2.8% a year. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latin American Civic Association of the San Fernando Valley sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Bowerston Volunteer Fire Department ($711k), Girls Incorporated of Meriden ($711k) and Ohio County Rescue Service Inc ($711k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $4.3m against liabilities of $9.2m, net assets of -$4.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.