Corona Life Services

Analysis

Corona Life Services is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in June 2000, 26 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, Corona Life Services reported income of $938k and spending of $1.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $938k (+142%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corona Life Services sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Meals on Wheels of Chemung County Inc ($938k), Streets Hope ($938k) and Got Your Six Support Dogs ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (5.1% of expenses). Other salaries and wages came to $521k. At year end it held assets of $528k against liabilities of $27k, net assets of $500k. It reported 24 employees.