Proyecto LA Nueva Esperanza Inc

Analysis

Proyecto LA Nueva Esperanza Inc is a registered charity in United States, based in San Antonio, PR. It received its IRS tax-exemption ruling in April 2004, 22 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, Proyecto LA Nueva Esperanza Inc reported income of $78k and spending of $89k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $157k to $78k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Proyecto LA Nueva Esperanza Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 21st percentile within PR. Charities of a similar size with the same main cause include Living Hope Childrens Mission Inc ($78k), Lunenburg Community Food Pantry ($78k) and Friends of Wood County Committee on Aging Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.