Latino Memphis Inc
EIN: 311694878 · Memphis, TN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.5M |
| Net Assets | $1.0M |
Is Latino Memphis Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Latino Memphis Inc
Latino Memphis Inc (EIN: 311694878) is a nonprofit organization based in Memphis, TN, classified under NTEE code P20. The organization reported total revenue of $1.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latino Memphis Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latino Memphis Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-619,271 |
| Total Assets | $1.3M |
| Total Liabilities | $327K |
| Net Assets | $1.0M |
| Operating Margin | -33.8% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2024, Latino Memphis Inc reported a deficit of $619K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Latino Memphis Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -20.5% | +35.0% | -26.4% |
| 2023 | +70.3% | +38.6% | +34.0% |
| 2022 | -13.0% | +23.2% | -13.9% |
| 2021 | +14.8% | +17.7% | +75.8% |
| 2020 | +86.2% | -14.6% | +334.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Latino Memphis Inc 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 Memphis Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $619K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.6%.
Frequently Asked Questions about Latino Memphis Inc
Is Latino Memphis Inc a legitimate charity?
Latino Memphis Inc (EIN: 311694878) is a registered tax-exempt nonprofit based in Tennessee. It has 14 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: B.
How does Latino Memphis Inc spend its money?
Latino Memphis Inc reported $1.8M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Latino Memphis Inc tax-deductible?
Latino Memphis Inc is registered as a tax-exempt nonprofit (EIN: 311694878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Latino Memphis Inc located?
Latino Memphis Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 311694878. It is classified under NTEE code P20.
How many years of IRS 990 filings does Latino Memphis Inc have?
Latino Memphis Inc has 14 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Latino Memphis Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Latino Memphis Inc's revenue has grown by 1099.6%, moving from $153K to $1.8M. Total assets increased by 26278.8% over the same period, from $5K to $1.3M. Total functional expenses rose by 1386.9%, from $165K to $2.5M. In its most recent filing year (2024), Latino Memphis Inc reported a deficit of $619K, with expenses exceeding revenue. The organization holds $327K in liabilities against $1.3M in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $2.5M | $1.3M | $327K | — | View 990 |
| 2023 | $2.3M | $1.8M | $1.8M | $190K | — | View 990 |
| 2022 | $1.4M | $1.3M | $1.3M | $223K | — | View 990 |
| 2021 | $1.6M | $1.1M | $1.6M | $442K | — | View 990 |
| 2020 | $1.4M | $904K | $891K | $281K | — | View 990 |
| 2019 | $729K | $1.1M | $205K | $49K | — | View 990 |
| 2018 | $1.3M | $1.5M | $512K | $26K | — | View 990 |
| 2017 | $1.4M | $1.4M | $695K | $55K | — | View 990 |
| 2016 | $689K | $780K | $627K | $36K | — | View 990 |
| 2015 | $860K | $714K | $731K | $12K | — | View 990 |
| 2014 | $855K | $659K | $611K | $13K | — | View 990 |
| 2013 | $678K | $324K | $412K | $13K | — | View 990 |
| 2012 | $210K | $156K | $50K | $5K | — | View 990 |
| 2011 | $153K | $165K | $5K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $2.5M, and assets of $1.3M (revenue -20.5% year-over-year).
- 2023: Revenue of $2.3M, expenses of $1.8M, and assets of $1.8M (revenue +70.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.3M (revenue -13.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.1M, and assets of $1.6M (revenue +14.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $904K, and assets of $891K (revenue +86.2% year-over-year).
- 2019: Revenue of $729K, expenses of $1.1M, and assets of $205K (revenue -43.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.5M, and assets of $512K (revenue -7.2% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $695K (revenue +103.5% year-over-year).
- 2016: Revenue of $689K, expenses of $780K, and assets of $627K (revenue -20.0% year-over-year).
- 2015: Revenue of $860K, expenses of $714K, and assets of $731K (revenue +0.6% year-over-year).
- 2014: Revenue of $855K, expenses of $659K, and assets of $611K (revenue +26.2% year-over-year).
- 2013: Revenue of $678K, expenses of $324K, and assets of $412K (revenue +222.8% year-over-year).
- 2012: Revenue of $210K, expenses of $156K, and assets of $50K (revenue +37.3% year-over-year).
- 2011: Revenue of $153K, expenses of $165K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latino Memphis Inc:
Data Sources and Methodology
This transparency report for Latino Memphis Inc 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.