Legado de Esperanza Foundation

Analysis

Legado de Esperanza Foundation is a registered charity in United States, based in Wilmington, DE. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Legado de Esperanza Foundation reported income of $336k and spending of $337k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $406k to $336k (-17%), an average of -4.6% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legado de Esperanza Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 58th percentile within DE. Charities of a similar size with the same main cause include Bike Library Inc ($336k), University Glee Club of New York City ($336k) and Irmandade Da Festa Do Divino ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Other salaries and wages came to $116k. At year end it held assets of $41k against liabilities of $151k, net assets of -$110k. It reported 1 employees.

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.