Centro Social La Esperanza
Centro Social La Esperanza shows consistent revenue growth and no reported officer compensation, but recent filings reveal a substantial increase in liabilities.
EIN: 132688412 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.7M |
| Total Expenses | $16.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Centro Social La Esperanza Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centro Social La Esperanza directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centro Social La Esperanza
Centro Social La Esperanza (EIN: 132688412) is a nonprofit organization based in New York, NY. The organization reported total revenue of $16.7M and total assets of $21.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centro Social La Esperanza's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centro Social La Esperanza is a large nonprofit that has been operating for 54 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.6M |
| Total Expenses | $16.2M |
| Surplus / Deficit | +$427K |
| Total Assets | $22.1M |
| Total Liabilities | $17.5M |
| Net Assets | $4.6M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 79.1% |
| Months of Reserves | 16.4 months |
Financial Health Grade: A
In 2023, Centro Social La Esperanza reported a surplus of $427K with revenue exceeding expenses, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 79.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Centro Social La Esperanza's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | +10.9% | +235.1% |
| 2022 | +6.9% | +15.8% | +0.7% |
| 2021 | +4.5% | -7.9% | -12.5% |
| 2020 | -2.0% | +10.3% | -0.8% |
| 2019 | +3.4% | +5.0% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Centro Social La Esperanza with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Centro Social La Esperanza allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $427K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.1%.
Executive Compensation Analysis
Centro Social La Esperanza consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing all financial resources towards the organization's mission rather than executive pay, which is highly favorable for a nonprofit of its size with over $16 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Centro Social La Esperanza's IRS 990 filings:
- Significant increase in liabilities in the latest filing (from $2.4M to $17.4M in one year) without clear explanation in summary data.
- NTEE code is unknown, which limits understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Centro Social La Esperanza:
- Consistent revenue growth over the past decade (from $9.7M in 2014 to $16.6M in 2023).
- 0% reported officer compensation across all 12 filings, indicating strong resource allocation to mission.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Positive net assets, growing from $3.6M in 2014 to $4.6M in 2023 (Assets - Liabilities).
Frequently Asked Questions about Centro Social La Esperanza
Is Centro Social La Esperanza a legitimate charity?
Centro Social La Esperanza (EIN: 132688412) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $16.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Centro Social La Esperanza spend its money?
Centro Social La Esperanza directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Centro Social La Esperanza tax-deductible?
Centro Social La Esperanza is registered as a tax-exempt nonprofit (EIN: 132688412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Centro Social La Esperanza CEO make?
Centro Social La Esperanza's highest-compensated officer earns $16 annually. The organization reported $16.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Centro Social La Esperanza's spending goes to programs?
Centro Social La Esperanza directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Centro Social La Esperanza located?
Centro Social La Esperanza is headquartered in New York, New York and files with the IRS under EIN 132688412.
How many years of IRS 990 filings does Centro Social La Esperanza have?
Centro Social La Esperanza has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.7M in total revenue.
What caused the significant increase in assets and liabilities between 2022 and 2023?
Between 2022 and 2023, Centro Social La Esperanza's assets increased from $6,591,857 to $22,086,297, and liabilities rose from $2,409,140 to $17,476,534. This substantial change, particularly the large increase in liabilities, suggests a major financial event such as a significant property acquisition or a large capital project, likely financed through debt. Further review of the full 990 filing for 2023 would be necessary to understand the specific nature of these transactions.
Is Centro Social La Esperanza a good charity?
Based on the provided data, Centro Social La Esperanza appears to be a well-managed charity with consistent revenue growth and a strong commitment to its mission, evidenced by 0% officer compensation. Its consistent filing of 990s indicates transparency. The significant increase in liabilities in the latest filing warrants further investigation, but overall, the financial health seems stable and program-focused.
How has the organization's financial stability changed over the past decade?
Centro Social La Esperanza has demonstrated strong financial growth and stability over the past decade. Revenue has steadily increased from $9,777,954 in 2014 to $16,608,758 in 2023. While there were periods where expenses slightly exceeded revenue (e.g., 2014, 2015, 2016, 2020, 2022), the organization generally maintains a healthy balance, and its assets have grown significantly, especially in the latest period.
Filing History
IRS 990 filing history for Centro Social La Esperanza showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Centro Social La Esperanza's revenue has grown by 63.4%, moving from $10.2M to $16.6M. Total assets increased by 263.8% over the same period, from $6.1M to $22.1M. Total functional expenses rose by 72.9%, from $9.4M to $16.2M. In its most recent filing year (2023), Centro Social La Esperanza reported a surplus of $427K, with revenue exceeding expenses. The organization holds $17.5M in liabilities against $22.1M in assets (debt-to-asset ratio: 79.1%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.6M | $16.2M | $22.1M | $17.5M | — | View 990 |
| 2022 | $14.2M | $14.6M | $6.6M | $2.4M | — | View 990 |
| 2021 | $13.3M | $12.6M | $6.5M | $2.0M | — | View 990 |
| 2020 | $12.7M | $13.7M | $7.5M | $3.6M | — | View 990 |
| 2019 | $13.0M | $12.4M | $7.5M | $2.8M | — | View 990 |
| 2018 | $12.6M | $11.8M | $6.5M | $2.3M | — | View 990 |
| 2017 | $10.8M | $10.1M | $6.3M | $2.9M | — | View 990 |
| 2016 | $9.9M | $10.0M | $5.1M | $2.4M | — | View 990 |
| 2015 | $9.8M | $10.5M | $5.6M | $2.7M | — | View 990 |
| 2014 | $9.8M | $10.5M | $5.5M | $1.9M | — | View 990 |
| 2013 | $10.1M | $9.7M | $6.3M | $2.0M | — | View 990 |
| 2012 | $10.2M | $9.4M | $6.1M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.6M, expenses of $16.2M, and assets of $22.1M (revenue +16.7% year-over-year).
- 2022: Revenue of $14.2M, expenses of $14.6M, and assets of $6.6M (revenue +6.9% year-over-year).
- 2021: Revenue of $13.3M, expenses of $12.6M, and assets of $6.5M (revenue +4.5% year-over-year).
- 2020: Revenue of $12.7M, expenses of $13.7M, and assets of $7.5M (revenue -2.0% year-over-year).
- 2019: Revenue of $13.0M, expenses of $12.4M, and assets of $7.5M (revenue +3.4% year-over-year).
- 2018: Revenue of $12.6M, expenses of $11.8M, and assets of $6.5M (revenue +16.4% year-over-year).
- 2017: Revenue of $10.8M, expenses of $10.1M, and assets of $6.3M (revenue +9.6% year-over-year).
- 2016: Revenue of $9.9M, expenses of $10.0M, and assets of $5.1M (revenue +0.2% year-over-year).
- 2015: Revenue of $9.8M, expenses of $10.5M, and assets of $5.6M (revenue +0.6% year-over-year).
- 2014: Revenue of $9.8M, expenses of $10.5M, and assets of $5.5M (revenue -3.3% year-over-year).
- 2013: Revenue of $10.1M, expenses of $9.7M, and assets of $6.3M (revenue -0.6% year-over-year).
- 2012: Revenue of $10.2M, expenses of $9.4M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centro Social La Esperanza:
Data Sources and Methodology
This transparency report for Centro Social La Esperanza is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.