Corona Heritage Foundation

Analysis

Corona Heritage Foundation is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Corona Heritage Foundation reported income of $163k and spending of $118k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $163k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corona Heritage Foundation 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 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Aqua String Band New Years Associations Inc ($163k), Paine Castle Foundation Inc ($163k) and Ensemble Mise-En Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 0.3% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.