El Amor Espera Inc

Analysis

El Amor Espera Inc is a registered charity in United States, based in Bayamon, PR. 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, El Amor Espera Inc reported income of $87k and spending of $107k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $382k to $87k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Amor Espera Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 23rd percentile within PR. Charities of a similar size with the same main cause include Cave Junction Farmers Market ($87k), Support Our Troops ($87k) and Medina Economic Development ($87k).

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 $93k against liabilities of $5,200, net assets of $87k.

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.