Latin Academy of Recording Arts & Sciences Inc
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Latin Academy of Recording Arts & Sciences Inc is a 501(c)(6) organization based in Doral, Florida, registered in 1997, with $39,893,258 in FY2024 revenue. CharityIndex grades it B.
3470 Nw 82nd Ave Ste 600, Doral, FL, 33122 EIN 95-4501165 Since 1997
Revenue (FY2024)
$39.9M
▼ 3.4% vs prior year
Expenses (FY2024)
$35.7M
Net assets
$46.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Latin Academy of Recording Arts & Sciences Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Latin Academy of Recording Arts & Sciences Inc: 16 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Latin Academy of Recording Arts & Sciences Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Latin Academy of Recording Arts & Sciences Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $14.8M (FY2015) to $39.9M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.1MNet assets $46.3M
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$55.5M
Total liabilities
$9.1M
Net assets
$46.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,893,258▼3.4% | $35,698,880▼4.7% | $46,314,334▲13.8% | $55,461,729▲18.0% | 990 |
| 2023 | $41,304,325▲64.8% | $37,445,344▲57.9% | $40,685,665▲16.3% | $47,001,986▲15.2% | 990 |
| 2022 | $25,056,677▲5.6% | $23,721,638▲18.9% | $34,980,465▼0.6% | $40,809,726▲4.3% | 990 |
| 2021 | $23,723,068▲28.5% | $19,953,250▲31.4% | $35,187,298▲12.8% | $39,115,078▲17.1% | 990 |
| 2020 | $18,467,626▼16.8% | $15,183,661▼20.5% | $31,203,441▲17.1% | $33,416,725▲8.1% | 990 |
| 2019 | $22,192,183▲7.8% | $19,100,629▲19.1% | $26,638,867▲17.5% | $30,909,301▲17.6% | 990 |
| 2018 | $20,592,709▲20.0% | $16,031,519▲9.4% | $22,668,893▲14.7% | $26,272,373▲11.1% | 990 |
| 2017 | $17,165,915▲6.7% | $14,657,440▲5.3% | $19,767,979▲23.9% | $23,652,187▲24.2% | 990 |
| 2016 | $16,082,050▲9.0% | $13,916,591▲14.5% | $15,952,353▲30.3% | $19,048,459▲29.7% | 990 |
| 2015 | $14,751,146 | $12,158,769 | $12,238,708 | $14,682,578 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Latin Academy of Recording Arts & Sciences Inc a legitimate nonprofit?
- Yes. Latin Academy of Recording Arts & Sciences Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 95-4501165, based in Doral, Florida.
- What is Latin Academy of Recording Arts & Sciences Inc's EIN?
- Latin Academy of Recording Arts & Sciences Inc's Employer Identification Number (EIN) is 95-4501165.
- How much revenue does Latin Academy of Recording Arts & Sciences Inc report?
- Latin Academy of Recording Arts & Sciences Inc reported $39,893,258 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Latin Academy of Recording Arts & Sciences Inc have?
- CharityIndex grades Latin Academy of Recording Arts & Sciences Inc B, based on financial health (reserves and operating margin).
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Data for Latin Academy of Recording Arts & Sciences Inc (EIN 95-4501165) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.