Coronel Place Inc

Analysis

Coronel Place Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Coronel Place Inc reported income of $508k and spending of $384k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $508k (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coronel Place Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Sacred Heart Village III Inc ($507k), Shelton Senior Housing Inc ($508k) and Episcopal Gardens ($507k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $1.4m against liabilities of $688k, net assets of $664k.