Los Rayos de Esperanza Inc

Analysis

Los Rayos de Esperanza Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Los Rayos de Esperanza Inc reported income of $274k and spending of $257k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $274k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Los Rayos de Esperanza Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include East Texas Cancer Alliance of Hope ($273k), Full Steam Forward Inc ($274k) and Family & Childrens Counseling Services ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $70k. At year end it held assets of $363k against liabilities of $68k, net assets of $295k. It reported 2 employees.