Clinica Esperanza Hope Clinic

Analysis

Clinica Esperanza Hope Clinic is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover health care, 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 December 2023, Clinica Esperanza Hope Clinic reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $867k to $3.4m (+289%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clinica Esperanza Hope Clinic sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include CNS Nursing Home Care Inc ($3.4m), Make a Wish Foundation of Mississippi Chartered ($3.4m) and WMC Public Benefit Corporation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $170k (5.0% of expenses). Other salaries and wages came to $930k. It paid $19k in professional fundraising fees. At year end it held assets of $741k against liabilities of $161k, net assets of $580k. It reported 23 employees.