Latino Public Broadcasting

Analysis

Latino Public Broadcasting is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Latino Public Broadcasting reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.6m (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latino Public Broadcasting sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Corewell Health - Michigan State University Alliance Corporation ($2.6m), Organization of American Historians ($2.6m) and Eugene Symphony Association Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $153k (6.0% of expenses). Other salaries and wages came to $248k. At year end it held assets of $2.5m against liabilities of $179k, net assets of $2.3m. It reported 5 employees.