Rayito de Esperanza Corp

Analysis

Rayito de Esperanza Corp is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in September 2018, 8 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, Rayito de Esperanza Corp reported income of $373k and spending of $367k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $700k to $373k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rayito de Esperanza Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 50th percentile within PR. Charities of a similar size with the same main cause include Excel Academy Inc ($373k), Neighborhood Focus ($373k) and Alpha Womens Center ($373k).

At year end it held assets of $355k against liabilities of $3,733, net assets of $351k.