LA Nueva Esperanza

Analysis

LA Nueva Esperanza is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, LA Nueva Esperanza reported income of $1.8m and spending of $2.0m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LA Nueva Esperanza sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Health Foundation Inc ($1.8m), Tejas Behaviorial Health Management Association ($1.8m) and Passageway ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $216k (11% of expenses). Other salaries and wages came to $578k. At year end it held assets of $762k against liabilities of $337k, net assets of $425k. It reported 19 employees.