Centro Latino Of Shelbyville Incorporated
Centro Latino Of Shelbyville Incorporated frequently operates at a deficit, relying on reserves despite consistent asset base.
EIN: 20628043 · Shelbyville, KY · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $325K |
| Program Spending | 85% |
| Net Assets | $254K |
| Transparency Score | 75/100 |
Is Centro Latino Of Shelbyville Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centro Latino Of Shelbyville Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centro Latino Of Shelbyville Incorporated
Centro Latino Of Shelbyville Incorporated (EIN: 20628043) is a nonprofit organization based in Shelbyville, KY, classified under NTEE code P80. The organization reported total revenue of $197K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centro Latino Of Shelbyville Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centro Latino Of Shelbyville Incorporated is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $295K |
| Total Expenses | $325K |
| Surplus / Deficit | $-29,536 |
| Total Assets | $257K |
| Total Liabilities | $3K |
| Net Assets | $254K |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2024, Centro Latino Of Shelbyville Incorporated reported a deficit of $30K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Centro Latino Of Shelbyville Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.2% | +5.9% | -10.3% |
| 2023 | +36.6% | +19.2% | -1.3% |
| 2022 | +579.2% | +22.0% | -9.9% |
| 2021 | -94.0% | -22.4% | -36.4% |
| 2020 | +122.6% | +72.0% | +130.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Centro Latino Of Shelbyville Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Centro Latino Of Shelbyville Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation, which is highly favorable for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Centro Latino Of Shelbyville Incorporated's IRS 990 filings:
- Frequent operating deficits (e.g., 2024, 2023, 2022, 2021, 2018) where expenses exceed revenue.
- Significant revenue volatility, with revenue dropping from $549,674 in 2020 to $32,846 in 2021.
Strengths
The following positive indicators were identified for Centro Latino Of Shelbyville Incorporated:
- Consistent 0% officer compensation, indicating strong commitment to mission spending.
- Maintained a healthy asset base, providing financial stability despite revenue fluctuations.
- Long filing history (14 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Centro Latino Of Shelbyville Incorporated
Is Centro Latino Of Shelbyville Incorporated a legitimate charity?
Centro Latino Of Shelbyville Incorporated (EIN: 20628043) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $197K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Centro Latino Of Shelbyville Incorporated spend its money?
Centro Latino Of Shelbyville Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Centro Latino Of Shelbyville Incorporated tax-deductible?
Centro Latino Of Shelbyville Incorporated is registered as a tax-exempt nonprofit (EIN: 20628043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centro Latino Of Shelbyville Incorporated's spending goes to programs?
Centro Latino Of Shelbyville Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centro Latino Of Shelbyville Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Centro Latino Of Shelbyville Incorporated is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centro Latino Of Shelbyville Incorporated located?
Centro Latino Of Shelbyville Incorporated is headquartered in Shelbyville, Kentucky and files with the IRS under EIN 20628043. It is classified under NTEE code P80.
How many years of IRS 990 filings does Centro Latino Of Shelbyville Incorporated have?
Centro Latino Of Shelbyville Incorporated has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $197K in total revenue.
How does Centro Latino Of Shelbyville Incorporated cover its operating deficits in years where expenses exceed revenue?
The organization likely covers operating deficits by drawing from its accumulated assets or reserves, as seen in years like 2024 ($29,536 deficit) and 2021 ($177,862 deficit) where expenses significantly outpaced revenue.
What is the primary source of funding for Centro Latino Of Shelbyville Incorporated?
While specific funding sources are not detailed in the provided data, the fluctuating revenue figures suggest a reliance on grants, donations, or specific project funding that can vary significantly year-to-year, as evidenced by the jump from $32,846 in 2021 to $223,101 in 2022.
Is the organization's asset base sufficient to sustain its operations given the revenue fluctuations?
The organization's asset base, consistently above $200,000 in recent years, appears to provide a buffer for periods of lower revenue, but sustained deficits could erode these assets over time if not addressed by increased fundraising or more stable revenue streams.
Filing History
IRS 990 filing history for Centro Latino Of Shelbyville Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Centro Latino Of Shelbyville Incorporated's revenue has grown by 137.5%, moving from $124K to $295K. Total assets decreased by 41.4% over the same period, from $437K to $257K. Total functional expenses rose by 268.3%, from $88K to $325K. In its most recent filing year (2024), Centro Latino Of Shelbyville Incorporated reported a deficit of $30K, with expenses exceeding revenue. The organization holds $3K in liabilities against $257K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $254K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $295K | $325K | $257K | $3K | — | — |
| 2023 | $305K | $307K | $286K | $3K | — | View 990 |
| 2022 | $223K | $257K | $290K | $5K | — | View 990 |
| 2021 | $33K | $211K | $322K | $3K | — | View 990 |
| 2020 | $550K | $271K | $506K | $5K | — | — |
| 2019 | $247K | $158K | $220K | $7K | — | View 990 |
| 2018 | $168K | $170K | $471K | $9K | — | View 990 |
| 2017 | $177K | $153K | $496K | $33K | — | View 990 |
| 2016 | $31K | $31K | $475K | $35K | — | View 990 |
| 2015 | $152K | $146K | $477K | $38K | — | View 990 |
| 2014 | $158K | $150K | $474K | $40K | — | View 990 |
| 2013 | $142K | $122K | $466K | $40K | — | View 990 |
| 2012 | $113K | $99K | $449K | $43K | — | View 990 |
| 2011 | $124K | $88K | $437K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $295K, expenses of $325K, and assets of $257K (revenue -3.2% year-over-year).
- 2023: Revenue of $305K, expenses of $307K, and assets of $286K (revenue +36.6% year-over-year).
- 2022: Revenue of $223K, expenses of $257K, and assets of $290K (revenue +579.2% year-over-year).
- 2021: Revenue of $33K, expenses of $211K, and assets of $322K (revenue -94.0% year-over-year).
- 2020: Revenue of $550K, expenses of $271K, and assets of $506K (revenue +122.6% year-over-year).
- 2019: Revenue of $247K, expenses of $158K, and assets of $220K (revenue +46.7% year-over-year).
- 2018: Revenue of $168K, expenses of $170K, and assets of $471K (revenue -4.7% year-over-year).
- 2017: Revenue of $177K, expenses of $153K, and assets of $496K (revenue +461.2% year-over-year).
- 2016: Revenue of $31K, expenses of $31K, and assets of $475K (revenue -79.3% year-over-year).
- 2015: Revenue of $152K, expenses of $146K, and assets of $477K (revenue -3.8% year-over-year).
- 2014: Revenue of $158K, expenses of $150K, and assets of $474K (revenue +11.2% year-over-year).
- 2013: Revenue of $142K, expenses of $122K, and assets of $466K (revenue +25.2% year-over-year).
- 2012: Revenue of $113K, expenses of $99K, and assets of $449K (revenue -8.7% year-over-year).
- 2011: Revenue of $124K, expenses of $88K, and assets of $437K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centro Latino Of Shelbyville Incorporated:
Data Sources and Methodology
This transparency report for Centro Latino Of Shelbyville Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.