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RAICES DE ESPERANZA INC

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Public IRS 990 nonprofit record

RAICES DE ESPERANZA INC

EIN 20-3801097 · Youth Development N.E.C. (O99)

What they do

OVER THE LAST 18 YEARS, RAICES DE ESPERANZA HAS WORKED to EMPOWER CUBAN YOUTH ON and OFF THE ISLAND. MOST RECENTLY, OUR WORK HAS BEEN IN THE AREAS of TECHNOLOGY, ENTREPRENEURSHIP, and INDEPENDENT JOURNALISM. WE HAVE HOSTED CUBAN ENTREPRENEURS IN MIAMI, WORKED WITH INDEPENDENT JOURNALISTS and CIVIL SOCIETY GROUPS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $93.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders2 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

151.68%of revenue went to mission work93.5% of expenses · Program services
$153.69spent for every $100 of revenueSpending was higher than revenue this year.
$3.64in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $269 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,738
Mission workProgram services$10,220151.68% of revenue93.5% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$10,928162.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202393.5% mission
202266.9% mission
202187.1% mission
201587.3% mission

Money in and money out

Revenue$501
Expenses$770
Annual shortfall $269 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,220 · 1,327.3% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
See all reported dollar amounts
Revenue$501
Expenses$770
Assets$2,805
Income$501
Contributions$501
Mission work (program services)$10,220
Executive compensation (total)$44,750
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (2)

JOSE RASCODIRECTOR

LEONORDO F GORORDODIRECTOR

About this charity

Recognized since
January 2021
Location
2020 Ponce de Leon Blvd Suite 1103, Coral Gables, FL 33134
County
Miami-Dade
In care of
Jose Rasco
Primary officer
Jose Rasco, Director

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990EZ
NTEE classification
Youth Development N.E.C. (O99)
IRS tax category
Youth Development N.E.C.

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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