Strada Corsa Inc

Analysis

Strada Corsa Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Strada Corsa Inc reported income of $71k and spending of $80k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $71k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Strada Corsa Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Clingman Foundation ($71k), Lincoln Independent Business Association Foundation ($71k) and Exeter Outdoors Association Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 87% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.