Crowned for Ashes Corp

Analysis

Crowned for Ashes Corp is a registered charity in United States, based in Navarre, FL. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Crowned for Ashes Corp reported income of $121k and spending of $112k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $206k to $121k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crowned for Ashes Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Vernon Meals on Wheels Inc ($121k), Fairham Homes Inc ($121k) and East Bay Community Bridge Center Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $356k against liabilities of $78k, net assets of $278k.