LA Esperanza Inc

Analysis

LA Esperanza Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, LA Esperanza Inc reported income of $850k and spending of $761k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $852k to $850k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Esperanza Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within DE. Charities of a similar size with the same main cause include Filling the Gap Inc ($850k), Michigan Street African American Heritage Corridor Commission Inc ($850k) and Viable Inc ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $80k (10% of expenses). Other salaries and wages came to $352k. At year end it held assets of $942k against liabilities of $21k, net assets of $921k. It reported 17 employees.