Corazon de Vida Foundation

Analysis

Corazon de Vida Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Corazon de Vida Foundation reported income of $1.9m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corazon de Vida Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Alaska Family Child Care Association ($1.9m), Bikes for the World Inc ($1.9m) and Huron County Agricultural Society ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $109k (5.7% of expenses). Other salaries and wages came to $65k. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.9m. It reported 6 employees.