Espina Project

Analysis

Espina Project is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in October 2022, 4 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 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, Espina Project reported income of $651k and spending of $3,865, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $651k (+450%), an average of +450% a year. The sharpest change came in the year to December 2023, when income rose by 450%. Over the whole period it spent 0.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Espina Project sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Communities in Schools of Petersburg ($651k), Saint Joseph Berea Hospitalfoundation Inc ($652k) and Vermont Association of Area Agencies on Aging Inc ($651k).

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 $836k against liabilities of $0, net assets of $836k.