Latino Organization Of The Southwest
EIN: 364469997 · Chicago, IL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $974K |
| Total Expenses | $969K |
| Net Assets | $569K |
Is Latino Organization Of The Southwest Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Latino Organization Of The Southwest
Latino Organization Of The Southwest (EIN: 364469997) is a nonprofit organization based in Chicago, IL, classified under NTEE code P20. The organization reported total revenue of $974K and total assets of $466K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latino Organization Of The Southwest's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latino Organization Of The Southwest is a small nonprofit that has been operating for 3 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $969K |
| Surplus / Deficit | +$327K |
| Total Assets | $695K |
| Total Liabilities | $126K |
| Net Assets | $569K |
| Operating Margin | 25.3% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, Latino Organization Of The Southwest reported a surplus of $327K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Latino Organization Of The Southwest's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.1% | +79.4% | +187.8% |
| 2022 | +14.7% | +7.5% | +2.4% |
| 2021 | +87.1% | +86.2% | +39.0% |
| 2018 | -37.0% | -41.5% | -14.0% |
| 2015 | -54.0% | -49.9% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Latino Organization Of The Southwest 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 Organization Of The Southwest 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 $327K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.1%.
Frequently Asked Questions about Latino Organization Of The Southwest
Is Latino Organization Of The Southwest a legitimate charity?
Latino Organization Of The Southwest (EIN: 364469997) is a registered tax-exempt nonprofit based in Illinois. It has 9 years of IRS 990 filings on record. Total revenue: $974K. No red flags identified. Financial health grade: A.
How does Latino Organization Of The Southwest spend its money?
Latino Organization Of The Southwest reported $974K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Latino Organization Of The Southwest tax-deductible?
Latino Organization Of The Southwest is registered as a tax-exempt nonprofit (EIN: 364469997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Latino Organization Of The Southwest located?
Latino Organization Of The Southwest is headquartered in Chicago, Illinois and files with the IRS under EIN 364469997. It is classified under NTEE code P20.
How many years of IRS 990 filings does Latino Organization Of The Southwest have?
Latino Organization Of The Southwest has 9 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 $974K in total revenue.
Filing History
IRS 990 filing history for Latino Organization Of The Southwest showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Latino Organization Of The Southwest's revenue has grown by 334.9%, moving from $298K to $1.3M. Total assets increased by 1377.6% over the same period, from $47K to $695K. Total functional expenses rose by 274%, from $259K to $969K. In its most recent filing year (2023), Latino Organization Of The Southwest reported a surplus of $327K, with revenue exceeding expenses. The organization holds $126K in liabilities against $695K in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $569K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $969K | $695K | $126K | — | View 990 |
| 2022 | $586K | $540K | $241K | $0 | — | View 990 |
| 2021 | $511K | $502K | $236K | $40K | — | View 990 |
| 2018 | $273K | $270K | $170K | $38K | — | — |
| 2015 | $433K | $461K | $197K | $115K | — | View 990 |
| 2014 | $943K | $921K | $174K | $64K | — | View 990 |
| 2013 | $546K | $521K | $110K | $24K | — | View 990 |
| 2012 | $286K | $289K | $44K | $7K | — | View 990 |
| 2011 | $298K | $259K | $47K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $969K, and assets of $695K (revenue +121.1% year-over-year).
- 2022: Revenue of $586K, expenses of $540K, and assets of $241K (revenue +14.7% year-over-year).
- 2021: Revenue of $511K, expenses of $502K, and assets of $236K (revenue +87.1% year-over-year).
- 2018: Revenue of $273K, expenses of $270K, and assets of $170K (revenue -37.0% year-over-year).
- 2015: Revenue of $433K, expenses of $461K, and assets of $197K (revenue -54.0% year-over-year).
- 2014: Revenue of $943K, expenses of $921K, and assets of $174K (revenue +72.6% year-over-year).
- 2013: Revenue of $546K, expenses of $521K, and assets of $110K (revenue +91.0% year-over-year).
- 2012: Revenue of $286K, expenses of $289K, and assets of $44K (revenue -4.0% year-over-year).
- 2011: Revenue of $298K, expenses of $259K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latino Organization Of The Southwest:
Data Sources and Methodology
This transparency report for Latino Organization Of The Southwest 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.