El Centro de Corazon

Analysis

El Centro de Corazon is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 October 2023, El Centro de Corazon reported income of $14.3m and spending of $14.2m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $11.6m to $14.3m (+23%), an average of +5.4% a year. The sharpest change came in the year to October 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, El Centro de Corazon sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Bail Project Inc ($14.1m), Homeward Bound Inc ($14.3m) and Policing Equity ($14.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $607k (4.3% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $9.5m against liabilities of $2.8m, net assets of $6.6m. It reported 127 employees.