La Nueva Esperanza
La Nueva Esperanza shows consistent revenue growth and asset accumulation, with recent expenses exceeding revenue in 2024.
EIN: 204393724 · Brooklyn, NY · NTEE: G81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $425K |
| Transparency Score | 85/100 |
Is La Nueva Esperanza Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Nueva Esperanza directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Nueva Esperanza
La Nueva Esperanza (EIN: 204393724) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code G81. The organization reported total revenue of $1.9M and total assets of $800K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Nueva Esperanza's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Nueva Esperanza is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-184,736 |
| Total Assets | $762K |
| Total Liabilities | $337K |
| Net Assets | $425K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 44.2% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2024, La Nueva Esperanza reported a deficit of $185K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 44.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), La Nueva Esperanza's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.4% | +18.2% | -11.8% |
| 2023 | +8.7% | -3.1% | +32.4% |
| 2022 | -7.8% | +8.3% | +1.5% |
| 2021 | +17.5% | -13.1% | +56.0% |
| 2020 | -2.5% | +31.4% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 La Nueva 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, La Nueva 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $185K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 La Nueva Esperanza's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2024 filing, indicating a deficit for that period.
- Consistent 0% officer compensation is unusual for an organization of this size and warrants further investigation into how leadership is compensated or if it is entirely volunteer-run.
Strengths
The following positive indicators were identified for La Nueva Esperanza:
- Consistent revenue generation and growth over the past decade, from $1,097,675 in 2015 to $1,831,368 in 2024.
- Significant asset growth, from $176,316 in 2015 to $762,135 in 2024, indicating financial stability and resource accumulation.
- Long and consistent filing history (14 filings), demonstrating transparency and compliance.
- Reported 0% officer compensation across all filings, suggesting high potential for program efficiency or volunteer leadership.
Frequently Asked Questions about La Nueva Esperanza
Is La Nueva Esperanza a legitimate charity?
La Nueva Esperanza (EIN: 204393724) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does La Nueva Esperanza spend its money?
La Nueva Esperanza directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to La Nueva Esperanza tax-deductible?
La Nueva Esperanza is registered as a tax-exempt nonprofit (EIN: 204393724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of La Nueva Esperanza's spending goes to programs?
La Nueva Esperanza directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does La Nueva Esperanza compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), La Nueva Esperanza is above average for NTEE category G81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is La Nueva Esperanza located?
La Nueva Esperanza is headquartered in Brooklyn, New York and files with the IRS under EIN 204393724. It is classified under NTEE code G81.
How many years of IRS 990 filings does La Nueva Esperanza have?
La Nueva Esperanza has 14 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 $1.9M in total revenue.
Is La Nueva Esperanza a good charity?
Based on the available data, La Nueva Esperanza appears to be a financially stable organization with a strong history of revenue generation and asset growth. The consistent 0% officer compensation is a significant positive indicator of potential efficiency and dedication to its mission. However, a detailed review of the full 990s would be needed to confirm the exact breakdown of program spending and the nature of executive compensation.
What caused the expense increase in 2024?
The provided summary data does not specify the exact reasons for the increase in expenses to $2,016,104 in 2024, which exceeded revenues of $1,831,368. A detailed analysis of the full 2024 IRS 990 filing would be necessary to identify the specific categories of expenditure that led to this deficit.
How does La Nueva Esperanza manage its liabilities?
La Nueva Esperanza's liabilities have fluctuated, reaching a high of $337,110 in 2024, up from $254,533 in 2023. While assets have generally grown faster than liabilities, the recent increase in liabilities warrants attention to ensure it remains manageable relative to the organization's assets and operational cash flow.
Filing History
IRS 990 filing history for La Nueva Esperanza showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), La Nueva Esperanza's revenue has grown by 59.2%, moving from $1.2M to $1.8M. Total assets increased by 246.7% over the same period, from $220K to $762K. Total functional expenses rose by 77.7%, from $1.1M to $2.0M. In its most recent filing year (2024), La Nueva Esperanza reported a deficit of $185K, with expenses exceeding revenue. The organization holds $337K in liabilities against $762K in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $2.0M | $762K | $337K | — | View 990 |
| 2023 | $1.9M | $1.7M | $864K | $255K | — | — |
| 2022 | $1.8M | $1.8M | $653K | $252K | — | View 990 |
| 2021 | $1.9M | $1.6M | $643K | $245K | — | — |
| 2020 | $1.6M | $1.9M | $412K | $299K | — | View 990 |
| 2019 | $1.7M | $1.4M | $508K | $150K | — | View 990 |
| 2018 | $1.4M | $1.3M | $348K | $235K | — | View 990 |
| 2017 | $1.3M | $1.2M | $215K | $151K | — | View 990 |
| 2016 | $1.2M | $1.2M | $226K | $201K | — | View 990 |
| 2015 | $1.1M | $1.1M | $176K | $222K | — | View 990 |
| 2014 | $1.0M | $1.0M | $199K | $268K | — | View 990 |
| 2013 | $1.0M | $1.1M | $204K | $274K | — | View 990 |
| 2012 | $1.1M | $1.1M | $150K | $143K | — | View 990 |
| 2011 | $1.2M | $1.1M | $220K | $224K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $2.0M, and assets of $762K (revenue -4.4% year-over-year).
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $864K (revenue +8.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $653K (revenue -7.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $643K (revenue +17.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.9M, and assets of $412K (revenue -2.5% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $508K (revenue +19.6% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $348K (revenue +11.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $215K (revenue +0.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $226K (revenue +13.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $176K (revenue +5.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $199K (revenue +1.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $204K (revenue -5.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $150K (revenue -5.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $220K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Nueva Esperanza:
Data Sources and Methodology
This transparency report for La Nueva 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.