Esperanza Para LA Vejez Inc

Analysis

Esperanza Para LA Vejez Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in July 1998, 28 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, Esperanza Para LA Vejez Inc reported income of $2.6m and spending of $2.4m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $2.6m (+5.9%), an average of +1.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Esperanza Para LA Vejez Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 83rd percentile within PR. Charities of a similar size with the same main cause include Taste Project ($2.6m), Brazoria County Association for Childrens Habilitation ($2.6m) and Centro C H a Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (1.8% of expenses). Other salaries and wages came to $680k. At year end it held assets of $5.1m against liabilities of $3.1m, net assets of $2.0m. It reported 46 employees.