Latino Medical Student Association National
EIN: 510458689 · Chicago, IL · NTEE: E03
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $417K |
| Net Assets | $749K |
Is Latino Medical Student Association National Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Latino Medical Student Association National
Latino Medical Student Association National (EIN: 510458689) is a nonprofit organization based in Chicago, IL, classified under NTEE code E03. The organization reported total revenue of $1.1M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latino Medical Student Association National's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latino Medical Student Association National is a mid-size nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $652K |
| Total Expenses | $417K |
| Surplus / Deficit | +$235K |
| Total Assets | $749K |
| Net Assets | $749K |
| Operating Margin | 36.1% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Latino Medical Student Association National reported a surplus of $235K with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Latino Medical Student Association National's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +4.5% | +45.8% |
| 2022 | +140.3% | +376.2% | +69.1% |
| 2021 | +49.9% | -2.4% | +123.2% |
| 2020 | +22.0% | -30.8% | +151.1% |
| 2019 | -17.8% | -27.0% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Latino Medical Student Association National 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 Latino Medical Student Association National 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 $235K, with revenue exceeding expenses.
Frequently Asked Questions about Latino Medical Student Association National
Is Latino Medical Student Association National a legitimate charity?
Latino Medical Student Association National (EIN: 510458689) is a registered tax-exempt nonprofit based in Illinois. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Latino Medical Student Association National spend its money?
Latino Medical Student Association National reported $1.1M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Latino Medical Student Association National tax-deductible?
Latino Medical Student Association National is registered as a tax-exempt nonprofit (EIN: 510458689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Latino Medical Student Association National located?
Latino Medical Student Association National is headquartered in Chicago, Illinois and files with the IRS under EIN 510458689. It is classified under NTEE code E03.
How many years of IRS 990 filings does Latino Medical Student Association National have?
Latino Medical Student Association National has 10 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Latino Medical Student Association National showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Latino Medical Student Association National's revenue has grown by 693.8%, moving from $82K to $652K. Total assets increased by 2150.4% over the same period, from $33K to $749K. Total functional expenses rose by 480.1%, from $72K to $417K. In its most recent filing year (2023), Latino Medical Student Association National reported a surplus of $235K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $652K | $417K | $749K | $0 | — | View 990 |
| 2022 | $604K | $399K | $513K | $0 | — | View 990 |
| 2021 | $251K | $84K | $304K | $0 | — | — |
| 2020 | $168K | $86K | $136K | $0 | — | — |
| 2019 | $137K | $124K | $54K | $0 | — | — |
| 2018 | $167K | $170K | $58K | $0 | — | View 990 |
| 2017 | $177K | $173K | $52K | $0 | — | View 990 |
| 2016 | $84K | $71K | $48K | $0 | — | View 990 |
| 2015 | $57K | $55K | $35K | $0 | — | View 990 |
| 2014 | $82K | $72K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $652K, expenses of $417K, and assets of $749K (revenue +8.0% year-over-year).
- 2022: Revenue of $604K, expenses of $399K, and assets of $513K (revenue +140.3% year-over-year).
- 2021: Revenue of $251K, expenses of $84K, and assets of $304K (revenue +49.9% year-over-year).
- 2020: Revenue of $168K, expenses of $86K, and assets of $136K (revenue +22.0% year-over-year).
- 2019: Revenue of $137K, expenses of $124K, and assets of $54K (revenue -17.8% year-over-year).
- 2018: Revenue of $167K, expenses of $170K, and assets of $58K (revenue -5.7% year-over-year).
- 2017: Revenue of $177K, expenses of $173K, and assets of $52K (revenue +111.4% year-over-year).
- 2016: Revenue of $84K, expenses of $71K, and assets of $48K (revenue +47.5% year-over-year).
- 2015: Revenue of $57K, expenses of $55K, and assets of $35K (revenue -30.8% year-over-year).
- 2014: Revenue of $82K, expenses of $72K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latino Medical Student Association National:
Data Sources and Methodology
This transparency report for Latino Medical Student Association National 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.