Corozal Belize Ministries

Analysis

Corozal Belize Ministries is a registered charity in United States, based in Circle Pines, MN. It received its IRS tax-exemption ruling in February 2016, 10 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, Corozal Belize Ministries reported income of $103k and spending of $84k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $103k (+9.8%), an average of +9.8% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corozal Belize Ministries sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Sterling Community Center Inc ($103k), Live Your Cor Foundation ($103k) and Travelers Aid-Emergency Assistance Agency ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $312, net assets of $31k.