Esperanza-39th Street Partners Corporation

Analysis

Esperanza-39th Street Partners Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1996, 30 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 June 2023, Esperanza-39th Street Partners Corporation reported income of $361k and spending of $420k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $373k to $361k (-3.3%), an average of -0.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Esperanza-39th Street Partners Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Milwaukee Community Land Trust Ltd ($360k), Tioga County Property Development Corporation ($361k) and Tennessee Association of Housing & Redevelopment Authorities ($360k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.4m against liabilities of $293k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.