Corazon Community Services

Analysis

Corazon Community Services is a registered charity in United States, based in Cicero, IL. It received its IRS tax-exemption ruling in August 2003, 23 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 June 2022, Corazon Community Services reported income of $472k and spending of $555k, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $646k to $472k (-27%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corazon Community Services sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Family Service Association of Lubbock Texas ($472k), True Organic Inc ($472k) and Fort Myers Beach Womens Club ($472k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $288k. At year end it held assets of $349k against liabilities of $117k, net assets of $232k. It reported 13 employees.