Esperanza Health Center Inc

Analysis

Esperanza Health Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Esperanza Health Center Inc reported income of $23.3m and spending of $18.3m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.4m to $23.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Esperanza Health Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Westchester Institute for Human Development ($23.3m), Anchorage Neighborhood Health ($23.3m) and All Rise for Justice ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $721k (4.0% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $46.7m against liabilities of $2.9m, net assets of $43.8m. It reported 270 employees.