Madre Latina Organization Inc
EIN: 463164021 · Waterbury, CT · NTEE: P80
Is Madre Latina Organization Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madre Latina Organization Inc
Madre Latina Organization Inc (EIN: 463164021) is a nonprofit organization based in Waterbury, CT, classified under NTEE code P80. The organization reported total revenue of $171K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madre Latina Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madre Latina Organization Inc is a small nonprofit that has been operating for 2 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 37.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $116K |
| Surplus / Deficit | +$85K |
| Total Assets | $201K |
| Net Assets | $201K |
| Operating Margin | 42.5% |
| Months of Reserves | 20.8 months |
Financial Health Grade: A
In 2023, Madre Latina Organization Inc reported a surplus of $85K with revenue exceeding expenses, holds 20.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Madre Latina Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.2% | +5.4% | +74.1% |
| 2022 | -7.3% | +15.5% | +7.1% |
| 2021 | +64.3% | +156.7% | +41.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madre Latina Organization 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 Madre Latina Organization 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $85K, with revenue exceeding expenses.
Frequently Asked Questions about Madre Latina Organization Inc
Is Madre Latina Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madre Latina Organization Inc (EIN: 463164021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madre Latina Organization Inc spend its money?
Detailed spending breakdown data is not yet available for Madre Latina Organization Inc. Check back for updated IRS 990 analysis.
Are donations to Madre Latina Organization Inc tax-deductible?
Madre Latina Organization Inc is registered as a tax-exempt nonprofit (EIN: 463164021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Madre Latina Organization Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Madre Latina Organization Inc's revenue has grown by 160.9%, moving from $77K to $201K. Total assets increased by 164.1% over the same period, from $76K to $201K. Total functional expenses rose by 212.5%, from $37K to $116K. In its most recent filing year (2023), Madre Latina Organization Inc reported a surplus of $85K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $201K | $116K | $201K | $0 | — | View 990 |
| 2022 | $118K | $110K | $115K | $0 | — | View 990 |
| 2021 | $127K | $95K | $108K | $0 | — | — |
| 2020 | $77K | $37K | $76K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $201K, expenses of $116K, and assets of $201K (revenue +71.2% year-over-year).
- 2022: Revenue of $118K, expenses of $110K, and assets of $115K (revenue -7.3% year-over-year).
- 2021: Revenue of $127K, expenses of $95K, and assets of $108K (revenue +64.3% year-over-year).
- 2020: Revenue of $77K, expenses of $37K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madre Latina Organization Inc:
Data Sources and Methodology
This transparency report for Madre Latina Organization 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.