Centro Esperanza Inc

Analysis

Centro Esperanza Inc is a registered charity in United States, based in Loiza, PR. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2023, Centro Esperanza Inc reported income of $807k and spending of $629k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $589k to $807k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Esperanza Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 66th percentile within PR. Charities of a similar size with the same main cause include West Chester Area Senior Center ($807k), Abc Infantil Inc ($807k) and Heart Change Ministries Inc ($807k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $259k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 20 employees.