Speranza Foundation

Analysis

Speranza Foundation is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Speranza Foundation reported income of $2.9m and spending of $1.5m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.9m (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 699%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Speranza Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Harvesters International Ministries ($2.8m), Baltimore Yearly Meeting of the Religious Society of Friends ($2.9m) and Unfinished Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $3.8m against liabilities of $12k, net assets of $3.8m.