Latin American And Caribbean Economic Association
Latin American And Caribbean Economic Association shows consistent asset growth and low liabilities with no reported officer compensation.
EIN: 133999267 · Washington, DC · NTEE: Q320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $277K |
| Program Spending | 75% |
| Net Assets | $918K |
| Transparency Score | 80/100 |
Is Latin American And Caribbean Economic Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Latin American And Caribbean Economic Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Latin American And Caribbean Economic Association
Latin American And Caribbean Economic Association (EIN: 133999267) is a nonprofit organization based in Washington, DC, classified under NTEE code Q320. The organization reported total revenue of $243K and total assets of $914K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latin American And Caribbean Economic Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latin American And Caribbean Economic Association is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $277K |
| Surplus / Deficit | +$6K |
| Total Assets | $920K |
| Total Liabilities | $2K |
| Net Assets | $918K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 39.9 months |
Financial Health Grade: A
In 2023, Latin American And Caribbean Economic Association reported a surplus of $6K with revenue exceeding expenses, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Latin American And Caribbean Economic Association's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.5% | +122.7% | +0.7% |
| 2022 | +16.8% | +48.4% | +19.6% |
| 2021 | +81.2% | -24.8% | +32.7% |
| 2020 | -41.7% | -65.1% | +3.1% |
| 2019 | -17.7% | -20.9% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
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 American And Caribbean Economic Association with a Mission Score of 80 out of 100 (Excellent). 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 American And Caribbean Economic Association 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not compensated or their compensation is not reported in this category, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led structure or alternative compensation reporting.
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 American And Caribbean Economic Association's IRS 990 filings:
- Lack of detailed functional expense breakdown makes program efficiency difficult to fully assess.
- Consistent 0% officer compensation is unusual and may warrant further inquiry into how leadership is compensated or if it's entirely volunteer-driven.
Strengths
The following positive indicators were identified for Latin American And Caribbean Economic Association:
- Consistent asset growth, reaching $919,561 in 2023.
- Very low liabilities, reported at $1,500 in 2023, indicating strong financial health.
- Consistent reporting of 0% officer compensation, suggesting low overhead in this area.
- Regular filing of IRS 990 forms, demonstrating compliance and basic transparency.
Frequently Asked Questions about Latin American And Caribbean Economic Association
Is Latin American And Caribbean Economic Association a legitimate charity?
Latin American And Caribbean Economic Association (EIN: 133999267) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $243K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Latin American And Caribbean Economic Association spend its money?
Latin American And Caribbean Economic Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Latin American And Caribbean Economic Association tax-deductible?
Latin American And Caribbean Economic Association is registered as a tax-exempt nonprofit (EIN: 133999267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Latin American And Caribbean Economic Association's spending goes to programs?
Latin American And Caribbean Economic Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Latin American And Caribbean Economic Association compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Latin American And Caribbean Economic Association is above average for NTEE category Q320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Latin American And Caribbean Economic Association located?
Latin American And Caribbean Economic Association is headquartered in Washington, Washington DC and files with the IRS under EIN 133999267. It is classified under NTEE code Q320.
How many years of IRS 990 filings does Latin American And Caribbean Economic Association have?
Latin American And Caribbean Economic Association 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 $243K in total revenue.
Is Latin American And Caribbean Economic Association a good charity?
Based on the available data, LACEA appears to be a financially stable organization with growing assets and very low liabilities. The consistent reporting of 0% officer compensation is notable. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a full assessment of its charitable impact efficiency is challenging.
How does LACEA manage its expenses relative to its revenue?
LACEA generally manages its expenses well, with expenses often below or close to revenue. For example, in 2023, revenue was $282,400 and expenses were $276,691, indicating a slight surplus. There have been periods, such as 2019 and 2018, where expenses exceeded revenue, but the organization has consistently maintained strong asset growth.
What is the trend in LACEA's assets?
LACEA has shown a strong upward trend in assets, growing from $558,213 in 2019 to $919,561 in 2023. This indicates effective financial management and accumulation of reserves over time.
Filing History
IRS 990 filing history for Latin American And Caribbean Economic Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Latin American And Caribbean Economic Association's revenue has grown by 5%, moving from $269K to $282K. Total assets increased by 48% over the same period, from $621K to $920K. Total functional expenses fell by 22.1%, from $355K to $277K. In its most recent filing year (2023), Latin American And Caribbean Economic Association reported a surplus of $6K, with revenue exceeding expenses. The organization holds $2K in liabilities against $920K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $918K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282K | $277K | $920K | $2K | — | — |
| 2022 | $296K | $124K | $914K | $1K | — | View 990 |
| 2021 | $253K | $84K | $764K | $23K | — | View 990 |
| 2020 | $140K | $111K | $576K | $5K | — | View 990 |
| 2019 | $240K | $319K | $558K | $15K | — | View 990 |
| 2018 | $291K | $403K | $681K | $59K | — | View 990 |
| 2017 | $427K | $429K | $807K | $79K | — | View 990 |
| 2016 | $301K | $319K | $790K | $61K | — | View 990 |
| 2015 | $439K | $270K | $806K | $58K | — | View 990 |
| 2014 | $403K | $294K | $694K | $114K | — | View 990 |
| 2013 | $282K | $298K | $559K | $89K | — | View 990 |
| 2012 | $235K | $306K | $587K | $101K | — | View 990 |
| 2011 | $269K | $355K | $621K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282K, expenses of $277K, and assets of $920K (revenue -4.5% year-over-year).
- 2022: Revenue of $296K, expenses of $124K, and assets of $914K (revenue +16.8% year-over-year).
- 2021: Revenue of $253K, expenses of $84K, and assets of $764K (revenue +81.2% year-over-year).
- 2020: Revenue of $140K, expenses of $111K, and assets of $576K (revenue -41.7% year-over-year).
- 2019: Revenue of $240K, expenses of $319K, and assets of $558K (revenue -17.7% year-over-year).
- 2018: Revenue of $291K, expenses of $403K, and assets of $681K (revenue -31.8% year-over-year).
- 2017: Revenue of $427K, expenses of $429K, and assets of $807K (revenue +42.1% year-over-year).
- 2016: Revenue of $301K, expenses of $319K, and assets of $790K (revenue -31.5% year-over-year).
- 2015: Revenue of $439K, expenses of $270K, and assets of $806K (revenue +9.0% year-over-year).
- 2014: Revenue of $403K, expenses of $294K, and assets of $694K (revenue +42.7% year-over-year).
- 2013: Revenue of $282K, expenses of $298K, and assets of $559K (revenue +20.2% year-over-year).
- 2012: Revenue of $235K, expenses of $306K, and assets of $587K (revenue -12.7% year-over-year).
- 2011: Revenue of $269K, expenses of $355K, and assets of $621K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latin American And Caribbean Economic Association:
Data Sources and Methodology
This transparency report for Latin American And Caribbean Economic Association 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.