Plaza Esperanza Inc

Analysis

Plaza Esperanza Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Plaza Esperanza Inc reported income of $417k and spending of $635k, spending 152% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $436k to $417k (-4.4%), an average of -1.1% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plaza Esperanza Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Nazareth Villages II Inc ($417k), Windham House Inc ($417k) and Coldwater Housing Commission a Non-Profit Corporation ($417k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $143k. At year end it held assets of $2.3m against liabilities of $5.1m, net assets of -$2.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.