Cafe Esperanza

Analysis

Cafe Esperanza is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Cafe Esperanza reported income of $135k and spending of $147k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $109k to $135k (+24%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 105%. 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, Cafe Esperanza sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Born 2 Be Therapeutic Equestrian Center Inc ($135k), Girls Justice League ($135k) and Korean Kids and Orphanage Outreach Mission ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $9,401, net assets of $14k.