Boricuas de Corazon Inc

Analysis

Boricuas de Corazon Inc is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, Boricuas de Corazon Inc reported income of $198k and spending of $198k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $261k to $198k (-24%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Boricuas de Corazon Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Crooks Volunteer Fire Department Inc ($198k), Cedarburg Firemens Park Inc ($198k) and Community Aid Relief Effort ($198k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.