Nido de Esperanza Charitable Society

Analysis

Nido de Esperanza Charitable Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2019, 7 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 June 2023, Nido de Esperanza Charitable Society reported income of $1.7m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $847k to $1.7m (+102%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nido de Esperanza Charitable Society sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Seasons Hospice of Muskogee ($1.7m), Oklahoma Future Farmers of America Foundation Incorporated ($1.7m) and Apple Playschools ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (5.7% of expenses). Other salaries and wages came to $478k. It paid $24k in professional fundraising fees. At year end it held assets of $778k against liabilities of $43k, net assets of $734k. It reported 11 employees.