Correa Family Foundation

Analysis

Correa Family Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Correa Family Foundation reported income of $539k and spending of $700k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $539k (+1031%), an average of +83% a year. The sharpest change came in the year to December 2020, when income rose by 569%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Correa Family Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Beacon Hill Village Inc ($539k), Pregnancy Care Center of Chandler ($539k) and Dallas County Family Resource Center ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $4,790. At year end it held assets of $43k against liabilities of $0, net assets of $43k.