Clinica Esperanza Hope Clinic
EIN: 261714340 · Providence, RI · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $3.4M |
| Net Assets | $580K |
Is Clinica Esperanza Hope Clinic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clinica Esperanza Hope Clinic
Clinica Esperanza Hope Clinic (EIN: 261714340) is a nonprofit organization based in Providence, RI, classified under NTEE code E32. The organization reported total revenue of $7.9M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clinica Esperanza Hope Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clinica Esperanza Hope Clinic is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-3,565 |
| Total Assets | $741K |
| Total Liabilities | $161K |
| Net Assets | $580K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Clinica Esperanza Hope Clinic reported a deficit of $4K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Clinica Esperanza Hope Clinic's revenue has grown at a compound annual growth rate (CAGR) of 27.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.5% | +54.8% | +21.6% |
| 2022 | +27.7% | +24.5% | +3.3% |
| 2021 | +5.9% | +42.4% | -17.3% |
| 2020 | +87.4% | +57.3% | +248.7% |
| 2019 | +28.3% | +24.3% | +59.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clinica Esperanza Hope Clinic has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clinica Esperanza Hope Clinic with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.7%.
Frequently Asked Questions about Clinica Esperanza Hope Clinic
Is Clinica Esperanza Hope Clinic a legitimate charity?
Based on AI analysis of IRS 990 filings, Clinica Esperanza Hope Clinic (EIN: 261714340) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clinica Esperanza Hope Clinic spend its money?
Detailed spending breakdown data is not yet available for Clinica Esperanza Hope Clinic. Check back for updated IRS 990 analysis.
Are donations to Clinica Esperanza Hope Clinic tax-deductible?
Clinica Esperanza Hope Clinic is registered as a tax-exempt nonprofit (EIN: 261714340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clinica Esperanza Hope Clinic located?
Clinica Esperanza Hope Clinic is headquartered in Providence, Rhode Island and files with the IRS under EIN 261714340. It is classified under NTEE code E32.
How many years of IRS 990 filings does Clinica Esperanza Hope Clinic have?
Clinica Esperanza Hope Clinic has 13 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 $7.9M in total revenue.
Filing History
IRS 990 filing history for Clinica Esperanza Hope Clinic showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clinica Esperanza Hope Clinic's revenue has grown by 1750.1%, moving from $182K to $3.4M. Total assets increased by 461.4% over the same period, from $132K to $741K. Total functional expenses rose by 1301.2%, from $241K to $3.4M. In its most recent filing year (2023), Clinica Esperanza Hope Clinic reported a deficit of $4K, with expenses exceeding revenue. The organization holds $161K in liabilities against $741K in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $580K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.4M | $741K | $161K | — | — |
| 2022 | $2.2M | $2.2M | $609K | $26K | — | View 990 |
| 2021 | $1.7M | $1.8M | $590K | $23K | — | View 990 |
| 2020 | $1.6M | $1.2M | $713K | $117K | — | View 990 |
| 2019 | $867K | $781K | $204K | $6K | — | View 990 |
| 2018 | $675K | $628K | $129K | $15K | — | View 990 |
| 2017 | $460K | $489K | $90K | $24K | — | View 990 |
| 2016 | $448K | $421K | $108K | $13K | — | View 990 |
| 2015 | $440K | $363K | $85K | $18K | — | View 990 |
| 2014 | $255K | $291K | $68K | $77K | — | View 990 |
| 2013 | $271K | $284K | $99K | $72K | — | View 990 |
| 2012 | $237K | $257K | $114K | $73K | — | View 990 |
| 2011 | $182K | $241K | $132K | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.4M, and assets of $741K (revenue +53.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $609K (revenue +27.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $590K (revenue +5.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.2M, and assets of $713K (revenue +87.4% year-over-year).
- 2019: Revenue of $867K, expenses of $781K, and assets of $204K (revenue +28.3% year-over-year).
- 2018: Revenue of $675K, expenses of $628K, and assets of $129K (revenue +46.9% year-over-year).
- 2017: Revenue of $460K, expenses of $489K, and assets of $90K (revenue +2.6% year-over-year).
- 2016: Revenue of $448K, expenses of $421K, and assets of $108K (revenue +2.0% year-over-year).
- 2015: Revenue of $440K, expenses of $363K, and assets of $85K (revenue +72.3% year-over-year).
- 2014: Revenue of $255K, expenses of $291K, and assets of $68K (revenue -5.7% year-over-year).
- 2013: Revenue of $271K, expenses of $284K, and assets of $99K (revenue +14.0% year-over-year).
- 2012: Revenue of $237K, expenses of $257K, and assets of $114K (revenue +30.3% year-over-year).
- 2011: Revenue of $182K, expenses of $241K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clinica Esperanza Hope Clinic:
Data Sources and Methodology
This transparency report for Clinica Esperanza Hope Clinic 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.