Casa Esperanza Inc

Analysis

Casa Esperanza Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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, Casa Esperanza Inc reported income of $1.1m and spending of $869k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.1m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income dropped by 61%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Casa Esperanza Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NM. Charities of a similar size with the same main cause include West Village Nursery School ($1.1m), Leadership Development Seminars ($1.1m) and Feathered Pipe Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $65k (7.5% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.2m against liabilities of $68k, net assets of $2.2m. It reported 12 employees.