Hope Lives - Vive LA Esperanza

Analysis

Hope Lives - Vive LA Esperanza is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2012, 14 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 September 2023, Hope Lives - Vive LA Esperanza reported income of $1.4m and spending of $1.7m, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.4m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to September 2022, when income rose by 65%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Lives - Vive LA Esperanza sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Victim Witness Assistance Program ($1.4m), Community Care Center Inc ($1.4m) and Womens Rights and Empowerment Network ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $80k (4.6% of expenses). Other salaries and wages came to $883k. At year end it held assets of $3.1m against liabilities of $2.9m, net assets of $130k. It reported 35 employees.