Esperanza Latino Center of Northern Kentucky Inc

Analysis

Esperanza Latino Center of Northern Kentucky Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Esperanza Latino Center of Northern Kentucky Inc reported income of $312k and spending of $141k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $244k to $312k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Esperanza Latino Center of Northern Kentucky Inc 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 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include NDC Support I Inc ($312k), Kiwanis of Little Havana Foundation Inc ($312k) and Center for Disability Inclusion Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $44k (31% of expenses). At year end it held assets of $399k against liabilities of $0, net assets of $399k.