Latino Community Fund Of Washingtonstate
Latino Community Fund Of Washingtonstate shows strong growth and zero officer compensation over a decade.
EIN: 205987399 · Seattle, WA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $8.2M |
| Program Spending | 90% |
| Net Assets | $6.6M |
| Transparency Score | 92/100 |
Is Latino Community Fund Of Washingtonstate Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Latino Community Fund Of Washingtonstate directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Latino Community Fund Of Washingtonstate
Latino Community Fund Of Washingtonstate (EIN: 205987399) is a nonprofit organization based in Seattle, WA, classified under NTEE code P20. The organization reported total revenue of $5.3M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latino Community Fund Of Washingtonstate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latino Community Fund Of Washingtonstate is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$144K |
| Total Assets | $7.6M |
| Total Liabilities | $1.0M |
| Net Assets | $6.6M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2023, Latino Community Fund Of Washingtonstate reported a surplus of $144K with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Latino Community Fund Of Washingtonstate's revenue has grown at a compound annual growth rate (CAGR) of 43.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | +30.1% | -1.6% |
| 2022 | -3.8% | +9.2% | +31.6% |
| 2021 | +20.8% | +2.4% | +24.7% |
| 2020 | +54.6% | +82.2% | +37.9% |
| 2019 | +31.8% | +23.4% | +40.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Latino Community Fund Of Washingtonstate with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Latino Community Fund Of Washingtonstate allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $144K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong volunteer leadership or that compensation is categorized differently, though not as 'officer compensation'. This practice maximizes funds available for 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.
Strengths
The following positive indicators were identified for Latino Community Fund Of Washingtonstate:
- Exceptional revenue growth, increasing from $687,940 in 2014 to $8,313,811 in 2023.
- Consistent reporting of 0% officer compensation, indicating a strong focus on programmatic spending.
- Healthy and growing asset base, reaching $7,592,138 in 2023, demonstrating financial stability.
- Consistent positive net income (revenue exceeding expenses) across all reported years, showing sound financial management.
- Low liabilities relative to assets, indicating good financial health and limited debt burden.
Frequently Asked Questions about Latino Community Fund Of Washingtonstate
Is Latino Community Fund Of Washingtonstate a legitimate charity?
Latino Community Fund Of Washingtonstate (EIN: 205987399) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Latino Community Fund Of Washingtonstate spend its money?
Latino Community Fund Of Washingtonstate directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Latino Community Fund Of Washingtonstate tax-deductible?
Latino Community Fund Of Washingtonstate is registered as a tax-exempt nonprofit (EIN: 205987399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Latino Community Fund Of Washingtonstate's spending goes to programs?
Latino Community Fund Of Washingtonstate directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Latino Community Fund Of Washingtonstate compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Latino Community Fund Of Washingtonstate is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Latino Community Fund Of Washingtonstate located?
Latino Community Fund Of Washingtonstate is headquartered in Seattle, Washington and files with the IRS under EIN 205987399. It is classified under NTEE code P20.
How many years of IRS 990 filings does Latino Community Fund Of Washingtonstate have?
Latino Community Fund Of Washingtonstate 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 $5.3M in total revenue.
Is Latino Community Fund Of Washingtonstate a good charity?
Based on the provided data, the Latino Community Fund Of Washingtonstate appears to be a very good charity. It demonstrates strong financial growth, healthy asset accumulation, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation across all filings.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $687,940 in 2014 to $8,313,811 in 2023, representing over a 12-fold increase in less than a decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating a highly lean approach to executive salaries, or that executive functions are performed by volunteers or compensated through other means not classified as 'officer compensation'.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $414,168 in 2014 to $7,592,138 in 2023, demonstrating strong financial health and capacity.
Filing History
IRS 990 filing history for Latino Community Fund Of Washingtonstate showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Latino Community Fund Of Washingtonstate's revenue has grown by 7352.3%, moving from $112K to $8.3M. Total assets increased by 17752.1% over the same period, from $43K to $7.6M. Total functional expenses rose by 8168.9%, from $99K to $8.2M. In its most recent filing year (2023), Latino Community Fund Of Washingtonstate reported a surplus of $144K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $7.6M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $8.2M | $7.6M | $1.0M | — | — |
| 2022 | $7.1M | $6.3M | $7.7M | $1.4M | — | View 990 |
| 2021 | $7.4M | $5.7M | $5.9M | $356K | — | View 990 |
| 2020 | $6.1M | $5.6M | $4.7M | $918K | — | View 990 |
| 2019 | $4.0M | $3.1M | $3.4M | $191K | — | View 990 |
| 2018 | $3.0M | $2.5M | $2.4M | $171K | — | View 990 |
| 2017 | $2.8M | $1.5M | $1.9M | $175K | — | View 990 |
| 2016 | $1.0M | $885K | $559K | $61K | — | View 990 |
| 2015 | $716K | $685K | $375K | $38K | — | View 990 |
| 2014 | $688K | $385K | $414K | $109K | — | View 990 |
| 2013 | $162K | $211K | $6K | $4K | — | View 990 |
| 2012 | $245K | $228K | $59K | $145 | — | View 990 |
| 2011 | $112K | $99K | $43K | $26 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $8.2M, and assets of $7.6M (revenue +16.5% year-over-year).
- 2022: Revenue of $7.1M, expenses of $6.3M, and assets of $7.7M (revenue -3.8% year-over-year).
- 2021: Revenue of $7.4M, expenses of $5.7M, and assets of $5.9M (revenue +20.8% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.6M, and assets of $4.7M (revenue +54.6% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.1M, and assets of $3.4M (revenue +31.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.5M, and assets of $2.4M (revenue +9.3% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.5M, and assets of $1.9M (revenue +163.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $885K, and assets of $559K (revenue +46.2% year-over-year).
- 2015: Revenue of $716K, expenses of $685K, and assets of $375K (revenue +4.1% year-over-year).
- 2014: Revenue of $688K, expenses of $385K, and assets of $414K (revenue +325.6% year-over-year).
- 2013: Revenue of $162K, expenses of $211K, and assets of $6K (revenue -34.0% year-over-year).
- 2012: Revenue of $245K, expenses of $228K, and assets of $59K (revenue +119.5% year-over-year).
- 2011: Revenue of $112K, expenses of $99K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latino Community Fund Of Washingtonstate:
Data Sources and Methodology
This transparency report for Latino Community Fund Of Washingtonstate 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.