Esperanza Group

Analysis

Esperanza Group is a registered charity in United States, based in Washington, MI. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Group reported income of $205k and spending of $221k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $92k to $205k (+123%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Esperanza Group sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Washington Lane Section 811 Housing Corporation ($205k), Smart Share Housing Solutions Inc ($205k) and Connection Fund - Jefferson ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $657k against liabilities of $733k, net assets of -$76k.