Casa Esperanza Inc

Analysis

Casa Esperanza Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover mental health and crisis intervention, 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 2023, Casa Esperanza Inc reported income of $14.1m and spending of $13.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $14.1m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Casa Esperanza Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Stony Brook Family and Preventive Medicine Univ Faculty Practice Cor ($14.1m), Dewitt Hospital and Nursing Home Inc ($14.1m) and University of Maryland Upper Chesapeake Health System Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $465k (3.4% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $7.9m against liabilities of $2.0m, net assets of $5.9m. It reported 245 employees.