Mighty Corona Nation Inc

Analysis

Mighty Corona Nation Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mighty Corona Nation Inc reported income of $560k and spending of $552k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $280k to $560k (+100%), an average of +15% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mighty Corona Nation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Fight for Life Foundation Inc ($560k), Audubon Kids Zone Inc ($560k) and Any Body Can Youth Resorts Foundation ($559k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.