Esperanza-Hope

Analysis

Esperanza-Hope is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Esperanza-Hope reported income of $133k and spending of $154k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $133k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Esperanza-Hope sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include Positive Program Services ($133k), Womenx Inc ($133k) and Terra Nova Academy ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.