Corazon Az

Analysis

Corazon Az is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Corazon Az reported income of $498k and spending of $704k, spending 141% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 72% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Corazon Az sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Collaborative Resolutions Group Inc ($498k), Fiscal Alliance Foundation Inc ($499k) and Mississippi Rising Coalition ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (16% of expenses). Other salaries and wages came to $291k. It paid $10k in professional fundraising fees. At year end it held assets of $547k against liabilities of $16k, net assets of $531k. It reported 8 employees.