Espiritu Community Development Corporation

Analysis

Espiritu Community Development Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1995, 31 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 June 2023, Espiritu Community Development Corporation reported income of $12.9m and spending of $12.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $12.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Espiritu Community Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Child Saving Institute Inc ($12.9m), Young Mens Christian Association of Anaheim ($12.9m) and Disability Supports of the Great Plains Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $98k (0.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.3m against liabilities of $10.4m, net assets of $4.9m. It reported 97 employees.