Casa Esperanza Endowment Foundation Inc

Analysis

Casa Esperanza Endowment Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Casa Esperanza Endowment Foundation Inc reported income of $396k and spending of $491k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $683k to $396k (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 39%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Casa Esperanza Endowment Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include United Way of Langlade County Incorporated ($396k), The Bell Tower Foundation Inc ($396k) and Russian Jewish Community Foundation ($396k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $49k (9.9% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.7m against liabilities of $30k, net assets of $1.6m. It reported 7 employees.