Esperanza Health Centers

Analysis

Esperanza Health Centers is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Esperanza Health Centers reported income of $54.4m and spending of $53.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $54.4m (+159%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Esperanza Health Centers sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Hospital Menonita Humacao Inc ($54.3m), Siouxland Community Health Center ($54.4m) and Pleasant Valley Hospital Inc ($54.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $990k (1.9% of expenses). Other salaries and wages came to $27.7m. At year end it held assets of $58.4m against liabilities of $39.7m, net assets of $18.7m. It reported 481 employees.