Esperanza United

Analysis

Esperanza United is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover human services, 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 2023, Esperanza United reported income of $6.1m and spending of $6.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.1m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 242%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Esperanza United sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Vision House ($6.1m), Childrens Hunger Fund Legacy Foundation ($6.1m) and Pennsylvania Certified Organic ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $516k (8.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.2m against liabilities of $984k, net assets of $8.2m. It reported 71 employees.