Latino Family Institute Inc

Analysis

Latino Family Institute Inc is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in January 1997, 29 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, Latino Family Institute Inc reported income of $1.1m and spending of $1.6m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-11%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Family Institute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include RX Art Inc ($1.1m), Bozeman Senior Social Center Inc ($1.1m) and Albuquerque Christian Childrens Home Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $451k (28% of expenses). Other salaries and wages came to $211k. At year end it held assets of $730k against liabilities of $51k, net assets of $679k. It reported 23 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.