Latino Resource Organization Inc

Analysis

Latino Resource Organization Inc is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in September 1983, 43 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, Latino Resource Organization Inc reported income of $1.3m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $984k to $1.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latino Resource Organization Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Austin Electrical Joint Apprenticeship & Training TR Fund ($1.3m), The Family Center ($1.3m) and Women in Electronics ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (9.6% of expenses). Other salaries and wages came to $506k. At year end it held assets of $495k against liabilities of $45k, net assets of $450k. It reported 23 employees.