Corona Norco Settlement House Inc

Analysis

Corona Norco Settlement House Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in October 1962, 64 years ago. 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, Corona Norco Settlement House Inc reported income of $651k and spending of $408k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $651k (-47%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corona Norco Settlement House Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Womens Fund for the Fox Valley Region Inc ($651k), Historic Camden Foundation ($651k) and National Tax Association Tax Institute of America ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $120k. At year end it held assets of $547k against liabilities of $3,318, net assets of $544k. It reported 5 employees.