Corazon Inc

Analysis

Corazon Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Corazon Inc reported income of $668k and spending of $729k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $718k to $668k (-6.9%), an average of -2.4% a year. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Corazon Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include International Alumni Association of Shri Mahavira Jaina Vidyalava Inc ($666k), One Atta Time ($669k) and West African Research Association ($666k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $77k (11% of expenses). Other salaries and wages came to $58k. At year end it held assets of $441k against liabilities of $171k, net assets of $270k. It reported 3 employees.