Esperance Center

Analysis

Esperance Center is a registered charity in United States, based in Malibu, CA. It received its IRS tax-exemption ruling in June 1983, 43 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 May 2024, Esperance Center reported income of $2.2m and spending of $2.0m, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $2.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Esperance Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Haven of Lake and Sumter Counties Inc ($2.2m), Madison County Office for the Aging Inc ($2.2m) and Living Well Kent Collaborative ($2.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $240k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.6m against liabilities of $144k, net assets of $2.5m. It reported 47 employees.