Esperanza Community Housing Corporation

Analysis

Esperanza Community Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Esperanza Community Housing Corporation reported income of $6.6m and spending of $7.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $6.6m (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Esperanza Community Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity Pennyrile Region Inc ($6.6m), South Carolina Community Loan Fund ($6.6m) and Lake Wales Retirement Center Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $373k (5.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $21.4m against liabilities of $18.4m, net assets of $3.0m. It reported 40 employees.