Centro Familiar Nueva Esperanza

Analysis

Centro Familiar Nueva Esperanza is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Centro Familiar Nueva Esperanza reported income of $138k and spending of $121k, spending 88% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $111k to $138k (+24%), an average of +24% a year. The sharpest change came in the year to January 2024, when income rose by 24%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Familiar Nueva Esperanza sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Society of St Vincent Depaul St Francis of Assisi Conference Yuma ($138k), Alliance for Better Nutrition Inc ($138k) and Manna Pantry ($138k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.