Latin America Working Group Education Fund
Latin America Working Group Education Fund faces significant operating deficit in latest fiscal year.
EIN: 113657128 · Washington, DC · NTEE: Q20 · Updated: 2026-03-28
Is Latin America Working Group Education Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Latin America Working Group Education Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Latin America Working Group Education Fund
Latin America Working Group Education Fund (EIN: 113657128) is a nonprofit organization based in Washington, DC, classified under NTEE code Q20. The organization reported total revenue of $351K and total assets of $184K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latin America Working Group Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latin America Working Group Education Fund is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $358K |
| Surplus / Deficit | $-271,975 |
| Total Assets | $218K |
| Total Liabilities | $18K |
| Net Assets | $200K |
| Operating Margin | -317.5% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Latin America Working Group Education Fund reported a deficit of $272K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Latin America Working Group Education Fund's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.6% | -4.8% | -54.9% |
| 2022 | -8.5% | +7.2% | +15.1% |
| 2021 | +18.3% | -0.6% | +24.4% |
| 2020 | -1.5% | +9.0% | +46.2% |
| 2019 | +75.1% | +1.8% | +67.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Latin America Working Group Education Fund with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Latin America Working Group Education Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $272K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's officers do not receive salaries, which is a positive sign for resource allocation.
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 Latin America Working Group Education Fund's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312 revenue $85,653 vs. expenses $357,628).
- Substantial decrease in assets from $482,885 in 202212 to $217,700 in 202312, suggesting reliance on reserves.
- Inconsistent revenue streams, with significant fluctuations year-over-year (e.g., $587,578 in 201512 vs. $85,653 in 202312).
Strengths
The following positive indicators were identified for Latin America Working Group Education Fund:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to regulatory compliance.
- Maintained a positive asset balance, albeit fluctuating, over many years.
Frequently Asked Questions about Latin America Working Group Education Fund
Is Latin America Working Group Education Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Latin America Working Group Education Fund (EIN: 113657128) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Latin America Working Group Education Fund spend its money?
Latin America Working Group Education Fund directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Latin America Working Group Education Fund tax-deductible?
Latin America Working Group Education Fund is registered as a tax-exempt nonprofit (EIN: 113657128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue and the large operating deficit in the 202312 fiscal period?
The 202312 filing shows revenue of $85,653 against expenses of $357,628, a substantial decrease from previous years' revenues (e.g., $440,511 in 202212) and a large deficit. Understanding the specific reasons for this decline is crucial for assessing future financial stability.
How does the organization plan to address the recent operating deficit and replenish its asset base?
With assets decreasing from $482,885 in 202212 to $217,700 in 202312, and a large deficit in the latest period, the organization's strategy for financial recovery and sustainability is a key concern.
What are the specific breakdowns of program, administrative, and fundraising expenses?
While the provided data indicates overall expenses, a detailed functional expense breakdown is necessary to fully evaluate spending efficiency and ensure funds are primarily directed towards programmatic activities.
Filing History
IRS 990 filing history for Latin America Working Group Education Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Latin America Working Group Education Fund's revenue has declined by 82%, moving from $476K to $86K. Total assets decreased by 32.5% over the same period, from $322K to $218K. Total functional expenses fell by 14.5%, from $419K to $358K. In its most recent filing year (2023), Latin America Working Group Education Fund reported a deficit of $272K, with expenses exceeding revenue. The organization holds $18K in liabilities against $218K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $358K | $218K | $18K | — | — |
| 2022 | $441K | $375K | $483K | $11K | — | View 990 |
| 2021 | $482K | $350K | $419K | $12K | — | View 990 |
| 2020 | $407K | $352K | $337K | $61K | — | — |
| 2019 | $413K | $323K | $231K | $10K | — | View 990 |
| 2018 | $236K | $317K | $138K | $7K | — | View 990 |
| 2017 | $379K | $350K | $226K | $13K | — | — |
| 2016 | $223K | $366K | $200K | $17K | — | View 990 |
| 2015 | $588K | $453K | $359K | $33K | — | View 990 |
| 2014 | $314K | $533K | $219K | $27K | — | View 990 |
| 2013 | $469K | $571K | $428K | $17K | — | View 990 |
| 2012 | $725K | $522K | $522K | $8K | — | View 990 |
| 2011 | $476K | $419K | $322K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $358K, and assets of $218K (revenue -80.6% year-over-year).
- 2022: Revenue of $441K, expenses of $375K, and assets of $483K (revenue -8.5% year-over-year).
- 2021: Revenue of $482K, expenses of $350K, and assets of $419K (revenue +18.3% year-over-year).
- 2020: Revenue of $407K, expenses of $352K, and assets of $337K (revenue -1.5% year-over-year).
- 2019: Revenue of $413K, expenses of $323K, and assets of $231K (revenue +75.1% year-over-year).
- 2018: Revenue of $236K, expenses of $317K, and assets of $138K (revenue -37.8% year-over-year).
- 2017: Revenue of $379K, expenses of $350K, and assets of $226K (revenue +70.2% year-over-year).
- 2016: Revenue of $223K, expenses of $366K, and assets of $200K (revenue -62.1% year-over-year).
- 2015: Revenue of $588K, expenses of $453K, and assets of $359K (revenue +87.3% year-over-year).
- 2014: Revenue of $314K, expenses of $533K, and assets of $219K (revenue -33.1% year-over-year).
- 2013: Revenue of $469K, expenses of $571K, and assets of $428K (revenue -35.3% year-over-year).
- 2012: Revenue of $725K, expenses of $522K, and assets of $522K (revenue +52.4% year-over-year).
- 2011: Revenue of $476K, expenses of $419K, and assets of $322K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latin America Working Group Education Fund:
Data Sources and Methodology
This transparency report for Latin America Working Group Education Fund 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.