Esperanza Health Center Support Corporation

Analysis

Esperanza Health Center Support Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Esperanza Health Center Support Corporation reported income of $310k and spending of $1.1m, spending 342% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17k to $310k (+1713%), an average of +106% a year. The sharpest change came in the year to June 2020, when income rose by 784%. Over the whole period it spent 388% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Esperanza Health Center Support Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Auxiliary of the Camden Clark Memorial Hospital of Parkersburg ($310k), New Hope Counseling Services Incorporated ($310k) and Cardiovascular Center of Sarasota Foundation for Research and Educat ($310k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 64% of the total. At year end it held assets of $29.9m against liabilities of $30.1m, net assets of -$211k.

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.