Corona Serenity Club

Analysis

Corona Serenity Club is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 December 2023, Corona Serenity Club reported income of $109k and spending of $103k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $109k (-19%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corona Serenity Club sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Charter 100 Incorporated Orange County ($109k), Ten Mile Lake Association Inc ($109k) and Clayton Valley Parent Pre-School ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $42k against liabilities of $310, net assets of $41k.