Rayo de Esperanza Inc

Analysis

Rayo de Esperanza Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Rayo de Esperanza Inc reported income of $71k and spending of $74k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $109k to $71k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rayo de Esperanza Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Onaville Green Projects Ministries Foundation ($71k), Kashmir Dost Anjuman Inc ($71k) and Training for Health Equity Network Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $475, net assets of $12k.