Remanso de Esperanza Inc

Analysis

Remanso de Esperanza Inc is a registered charity in United States, based in Caguas, PR. It received its IRS tax-exemption ruling in June 1997, 29 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, Remanso de Esperanza Inc reported income of $151k and spending of $178k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $151k (+11%), an average of +2.6% a year. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Remanso de Esperanza Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 33rd percentile within PR. Charities of a similar size with the same main cause include Healing Outreach Professional Endeavors Inc ($151k), Mercy Center Ministries Inc ($151k) and Living Witness Learning Daycare Center Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$783k.

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.