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Latino Economic Development Corporation
Also known as Latino Economic Development Center
Latino Economic Development Corporation reported $15.8 million in revenue and $16.0 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $78.75 went to program services, $18.86 to management and general costs and $2.39 to fundraising. Its largest source of revenue was contributions and grants: 94.4% of the total. Government grants made up 46.7%. The highest compensation it reported for one person was $237,445 (EXECUTIVE DIRECTOR). 9 people received more than $100,000 in reportable compensation. Revenue fell 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.4% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 46.7% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $237,445 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.49% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSmall business programsledc's business support services offer coaching and financing options designed to meet the needs of emerging and established entrepreneurs across washington, dc, maryland, virginia, and puerto rico. Our experienced team provides a full range of services including workshops, structured learning cohorts, and one-on-one business guidanceon topics such as business planning, licensing, digital presence, sales, financial recordkeeping, and using technology for operational efficiency.in fy2025, ledc trained 1,049 entrepreneurs through 46 small business development workshops…
Housing programsledc's housing programs provide homeownership counseling and foreclosure prevention services that help individuals and families achieve long-term housing stability. As a hud-certified counseling agency, our team guides first-time homebuyers through the full purchasing processfrom financial readiness to accessing down payment and closing cost assistance. We also support homeowners at risk of foreclosure by helping them evaluate options and navigate sustainable solutions. In fy2025, ledc provided homeownership education to over 3,185 individuals and one-on-one counseling to 934…
Direct community investments (dci)the direct community investments department was launched in 2020 to provide rapid, efficient financial relief to individuals and small enterprises during economic disruptions. Contracted by public agencies and philanthropic partners, dci built streamlined systems to simplify the application and distribution process for financial aid. The team developed a custom software platform that enables fast disbursement, accurate reporting, and data-informed decision-making.dci emphasizes accessible services that meet people where they are. With its proven systems and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $218,866 | $0 | $18,579 | $237,445 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $171,065 | $0 | $17,414 | $188,479 |
| DIRECTOR OF DEVELOPMENT AND COMMUNICATIONS Director/trustee, 40.00 hrs/week | $146,619 | $0 | $5,624 | $152,243 |
| DIRECTOR OF HUMAN RESOURCES Director/trustee, 40.00 hrs/week | $136,604 | $0 | $15,142 | $151,746 |
| DIRECTOR OF OPERATIONS Director/trustee, 40.00 hrs/week | $117,890 | $0 | $27,974 | $145,864 |
| DIRECTOR OF SMALL BUSINESS DEVELOPMENT Director/trustee, 40.00 hrs/week | $118,791 | $0 | $15,842 | $134,633 |
| DIRECTOR OF HOUSING PROGRAMS Director/trustee, 40.00 hrs/week | $113,778 | $0 | $15,581 | $129,359 |
| DIRECTOR OF DIRECT COMMUNITY INVESTMENTS Director/trustee, 40.00 hrs/week | $105,584 | $0 | $14,229 | $119,813 |
9 people received more than $100,000 in reportable compensation from Latino Economic Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 579
- Volunteers Part I, line 6146
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FSI STRATEGIES INC Program services | $126,819 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Latino Economic Development Corporation totaling $298K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Latino Economic Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Latino Economic Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Latino Economic Development Corporation spent in FY2025, $78.75 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Financial Health NetworkChicago, IL · revenue $16M · programs 82.5% · 2024
- Southeast Effective DevelopmentSeattle, WA · revenue $16M · programs 90.6% · 2024
- Association for Iron and Steel TechnologyWarrendale, PA · revenue $16M · programs 90.5% · FY2025
- Meeting Professionals InternationalDallas, TX · revenue $16M · programs 62.5% · 2024
- Ben Franklin Technology Ptrs of Se PaPhiladelphia, PA · revenue $16M · programs 47.3% · FY2025
All community improvement & capacity building charities · Largest charities in District of Columbia
Questions people ask
How much of Latino Economic Development Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Latino Economic Development Corporation reported that 78.8% of its $16.0 million in expenses went to program services, 18.9% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does Latino Economic Development Corporation pay its top executive?
The largest total compensation Latino Economic Development Corporation reported for one person in the fiscal year ending September 30, 2025 was $237,445, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Latino Economic Development Corporation get its money?
Of $15.8 million in revenue in the fiscal year ending September 30, 2025, 94.4% came from contributions and grants (including 46.7% from government grants) and 5.3% from program service revenue (Form 990, Part VIII).
Is Latino Economic Development Corporation a registered charity?
The IRS lists EIN 52-1749216 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202641219349301419 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202541159349300619 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202421699349300952 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202331639349301233 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232279349302968 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020 (amended), object 202222809349300917 · read the filing
All filings for EIN 52-1749216: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.