Esperance Homes Inc

Analysis

Esperance Homes Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Esperance Homes Inc reported income of $68k and spending of $84k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $56k to $68k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Esperance Homes Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Cottage Grove Community Hospital Foundation ($68k), Social Medicine International ($68k) and Crisis Chaplaincy Services ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $461k against liabilities of $614k, net assets of -$153k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.