Esperanza Charities Inc

Analysis

Esperanza Charities Inc is a registered charity in United States, based in Alhambra, 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 December 2023, Esperanza Charities Inc reported income of $3.6m and spending of $3.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.6m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Esperanza Charities Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Mobile Loaves & Fishes Support Corporation ($3.6m), Affordable Housing Education and Development Inc ($3.6m) and Senior Citizens Village ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $214k (6.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.6m against liabilities of $3.5m, net assets of $4.2m. It reported 146 employees.