Coronado Residences Inc

Analysis

Coronado Residences Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in February 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coronado Residences Inc reported income of $88k and spending of $100k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $154k to $88k (-43%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coronado Residences Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Albion Fire Department Inc ($88k), Central Office of Albuquerque Inc ($88k) and Keys to Freedom Ministries Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $316k against liabilities of $35k, net assets of $281k.