Corazon Ministries Inc

Analysis

Corazon Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Corazon Ministries Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $204k to $2.1m (+951%), an average of +119% a year. The sharpest change came in the year to December 2021, when income rose by 437%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corazon Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Western Assemblies Home ($2.1m), Breaking Free ($2.1m) and Community Kitchen of Monroe County Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $693k against liabilities of $302k, net assets of $391k. It reported 51 employees.