Corona & Frederick Lewis Char TR

Analysis

Corona & Frederick Lewis Char TR is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corona & Frederick Lewis Char TR reported income of $65k and spending of $86k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $68k to $65k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corona & Frederick Lewis Char TR sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Husayn for Humanity ($65k), Mount Desert Island Marathon Inc ($65k) and Beatrice F Kroesche Foundation ($65k).

Compensation of current officers, directors and key employees was $21k (24% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

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.