Labor Council For Latin American Advancement
EIN: 521002207 · Washington, DC · NTEE: R400
| Metric | Value |
|---|---|
| Total Revenue | $672K |
| Total Expenses | $819K |
| Net Assets | $890K |
Is Labor Council For Latin American Advancement Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Labor Council For Latin American Advancement
Labor Council For Latin American Advancement (EIN: 521002207) is a nonprofit organization based in Washington, DC, classified under NTEE code R400. The organization reported total revenue of $672K and total assets of $892K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Labor Council For Latin American Advancement's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Labor Council For Latin American Advancement is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $819K |
| Surplus / Deficit | +$234K |
| Total Assets | $908K |
| Total Liabilities | $18K |
| Net Assets | $890K |
| Operating Margin | 22.2% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Labor Council For Latin American Advancement reported a surplus of $234K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Labor Council For Latin American Advancement's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.3% | +20.4% | +33.4% |
| 2022 | +3.5% | -2.4% | +13.6% |
| 2021 | +10.5% | +51.6% | -0.8% |
| 2020 | +27.3% | -34.0% | +75.2% |
| 2019 | -34.8% | -13.2% | -32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Labor Council For Latin American Advancement has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Labor Council For Latin American Advancement with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $234K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Labor Council For Latin American Advancement
Is Labor Council For Latin American Advancement a legitimate charity?
Labor Council For Latin American Advancement (EIN: 521002207) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $672K. No red flags identified. Financial health grade: A.
How does Labor Council For Latin American Advancement spend its money?
Labor Council For Latin American Advancement reported $672K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Labor Council For Latin American Advancement tax-deductible?
Labor Council For Latin American Advancement is registered as a tax-exempt nonprofit (EIN: 521002207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Labor Council For Latin American Advancement located?
Labor Council For Latin American Advancement is headquartered in Washington, Washington DC and files with the IRS under EIN 521002207. It is classified under NTEE code R400.
How many years of IRS 990 filings does Labor Council For Latin American Advancement have?
Labor Council For Latin American Advancement has 13 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 $672K in total revenue.
Filing History
IRS 990 filing history for Labor Council For Latin American Advancement showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Labor Council For Latin American Advancement's revenue has grown by 38.4%, moving from $761K to $1.1M. Total assets increased by 213.9% over the same period, from $289K to $908K. Total functional expenses rose by 27.2%, from $644K to $819K. In its most recent filing year (2023), Labor Council For Latin American Advancement reported a surplus of $234K, with revenue exceeding expenses. The organization holds $18K in liabilities against $908K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $890K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $819K | $908K | $18K | — | — |
| 2022 | $761K | $680K | $681K | $25K | — | View 990 |
| 2021 | $736K | $697K | $599K | $25K | — | View 990 |
| 2020 | $666K | $460K | $604K | $69K | — | — |
| 2019 | $523K | $696K | $345K | $16K | — | View 990 |
| 2018 | $802K | $802K | $512K | $22K | — | View 990 |
| 2017 | $684K | $673K | $535K | $45K | — | View 990 |
| 2016 | $970K | $861K | $503K | $24K | — | View 990 |
| 2015 | $675K | $711K | $389K | $18K | — | View 990 |
| 2014 | $1.2M | $976K | $456K | $19K | — | View 990 |
| 2013 | $573K | $562K | $244K | $13K | — | View 990 |
| 2012 | $729K | $856K | $258K | $39K | — | View 990 |
| 2011 | $761K | $644K | $289K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $819K, and assets of $908K (revenue +38.3% year-over-year).
- 2022: Revenue of $761K, expenses of $680K, and assets of $681K (revenue +3.5% year-over-year).
- 2021: Revenue of $736K, expenses of $697K, and assets of $599K (revenue +10.5% year-over-year).
- 2020: Revenue of $666K, expenses of $460K, and assets of $604K (revenue +27.3% year-over-year).
- 2019: Revenue of $523K, expenses of $696K, and assets of $345K (revenue -34.8% year-over-year).
- 2018: Revenue of $802K, expenses of $802K, and assets of $512K (revenue +17.3% year-over-year).
- 2017: Revenue of $684K, expenses of $673K, and assets of $535K (revenue -29.5% year-over-year).
- 2016: Revenue of $970K, expenses of $861K, and assets of $503K (revenue +43.7% year-over-year).
- 2015: Revenue of $675K, expenses of $711K, and assets of $389K (revenue -43.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $976K, and assets of $456K (revenue +106.3% year-over-year).
- 2013: Revenue of $573K, expenses of $562K, and assets of $244K (revenue -21.4% year-over-year).
- 2012: Revenue of $729K, expenses of $856K, and assets of $258K (revenue -4.1% year-over-year).
- 2011: Revenue of $761K, expenses of $644K, and assets of $289K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Labor Council For Latin American Advancement:
Data Sources and Methodology
This transparency report for Labor Council For Latin American Advancement 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.