Corazon de Nina

Analysis

Corazon de Nina is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Corazon de Nina reported income of $242k and spending of $242k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $307k to $242k (-21%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corazon de Nina sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Delta Golf Open Inc ($242k), Outpost Foundation ($242k) and Marshfield Area Chamber Foundation Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,000 against liabilities of $0, net assets of $5,000.