Nueva Esperanza

Analysis

Nueva Esperanza is a registered charity in United States, based in Kingsville, OH. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Nueva Esperanza reported income of $1.1m and spending of $700k, leaving 36% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $435k to $1.1m (+152%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nueva Esperanza 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 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Hope4mena Inc ($1.1m), Sioux Falls Hope Coalition ($1.1m) and Voices for Children Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $238k. At year end it held assets of $2.1m against liabilities of $141k, net assets of $2.0m. It reported 3 employees.