Estancia Corazon Inc

Analysis

Estancia Corazon Inc is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in July 1993, 33 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 September 2023, Estancia Corazon Inc reported income of $975k and spending of $1.0m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $980k to $975k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to September 2021, when income rose by 27%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Estancia Corazon Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 70th percentile within PR. Charities of a similar size with the same main cause include Engine Room Inc ($975k), NM Comunidades En Accion Y de Fe ($975k) and Riverbend Ranch and Retreat Inc ($974k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $86k (8.2% of expenses). Other salaries and wages came to $428k. At year end it held assets of $321k against liabilities of $595k, net assets of -$274k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.