Nueva Esperanza Inc

Analysis

Nueva Esperanza Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Nueva Esperanza Inc reported income of $182k and spending of $201k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $182k (+1.0%), an average of +1.0% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nueva Esperanza Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Tobacco Valley Food Pantry ($182k), Infrastructure Engineering Foundation ($182k) and Hopestart International ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.