Nuevo Amanecer Latino Childrens Services

Analysis

Nuevo Amanecer Latino Childrens Services is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1995, 31 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, Nuevo Amanecer Latino Childrens Services reported income of $10.7m and spending of $10.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $10.7m (-9.8%), an average of -2.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nuevo Amanecer Latino Childrens Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Rite Aid Healthy Futures ($10.7m), Silver Bay Association for Christian Conference and Training ($10.7m) and Goodwill Services Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $480k (4.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $9.1m against liabilities of $1.0m, net assets of $8.1m. It reported 77 employees.

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.