Esperanza Housing and Community Development Corporation

Analysis

Esperanza Housing and Community Development Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing and Community Development Corporation reported income of $4.7m and spending of $4.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $38.0m to $4.7m (-88%), an average of -41% a year. The sharpest change came in the year to December 2023, when income rose by 344%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Esperanza Housing and Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Arkansas Sheriffs Youth Ranches Inc ($4.7m), Housing Services Mid Michigan ($4.7m) and Affordable Housing America Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $171.4m against liabilities of $81.8m, net assets of $89.6m.

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.