Corona-Norco United Way

Analysis

Corona-Norco United Way is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in August 1960, 66 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Corona-Norco United Way reported income of $365k and spending of $497k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $206k to $365k (+78%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 133%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corona-Norco United Way sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Grace Bomb Company ($365k), Edgerton Hospital Capital Foundation Inc ($365k) and Sabrina Cohen Foundation Inc ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (22% of expenses). Other salaries and wages came to $194k. At year end it held assets of $429k against liabilities of $3,991, net assets of $425k.