Corazon a Corazon NFP

Analysis

Corazon a Corazon NFP is a registered charity in United States, based in Blue Island, IL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corazon a Corazon NFP reported income of $287k and spending of $256k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $501k to $287k (-43%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corazon a Corazon NFP sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Firewheel STEM Institute ($287k), Aginno Institute ($287k) and Project Safe Inc ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $95k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 4 employees.