Centro Corazon de Maria Inc

Analysis

Centro Corazon de Maria Inc is a registered charity in United States, based in Hampton Bays, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centro Corazon de Maria Inc reported income of $323k and spending of $279k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $306k to $323k (+5.6%), an average of +1.8% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centro Corazon de Maria Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Hope Alive Inc ($323k), Rocky River Educational Foundation Inc ($323k) and Lamar Area Christian Ministries Association Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Other salaries and wages came to $165k. At year end it held assets of $159k against liabilities of $812, net assets of $158k. It reported 5 employees.