Houston Esperanza

Analysis

Houston Esperanza is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 2022, Houston Esperanza reported income of $684k and spending of $275k, leaving 60% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $701k to $684k (-2.5%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Esperanza sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Hylton Point Apartments II Inc ($684k), Minnesota American Legion Foundation ($684k) and Harvey Ambulance Service Inc ($684k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $28k (10% of expenses). At year end it held assets of $4.2m against liabilities of $401, net assets of $4.2m.