Casa de Corazones Inc

Analysis

Casa de Corazones Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Casa de Corazones Inc reported income of $146k and spending of $183k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $146k (+4.0%), an average of +1.0% a year. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Casa de Corazones Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include Hemophilia Foundation of Arkansas Inc ($146k), Infant Massage USA ($146k) and Propionic Acidemia Foundation ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $35k. At year end it held assets of $991k against liabilities of $1.6m, net assets of -$615k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.