Puerto Esperanza Inc

Analysis

Puerto Esperanza Inc is a registered charity in United States, based in Capitan, NM. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Puerto Esperanza Inc reported income of $348k and spending of $163k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $348k (+137%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puerto Esperanza Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Feeding Indianas Hungry Inc ($348k), Community Action Life Line Inc ($348k) and Centro de Servicios of Alameda County ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $20k (13% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.4m against liabilities of $2,196, net assets of $1.4m. It reported 6 employees.