Esperanza Ministries

Analysis

Esperanza Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Esperanza Ministries reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $480k to $1.5m (+212%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 310%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Esperanza Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include St James Arc ($1.5m), Global Good Fund ($1.5m) and The Kentland Volunteer Fire Department of Kentland MD Incorpor ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $106k (8.9% of expenses). Other salaries and wages came to $491k. At year end it held assets of $4.2m against liabilities of $1.6m, net assets of $2.6m. It reported 25 employees.