Coro Southern California Inc

Analysis

Coro Southern California Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Coro Southern California Inc reported income of $2.2m and spending of $2.0m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $2.2m (+81%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coro Southern California Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Hawfields Presbyterian Child Care & Development Center Incorporated ($2.2m), Vennevoll Inc ($2.2m) and Elderhaus Adult Day Program Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $264k (13% of expenses). Other salaries and wages came to $806k. At year end it held assets of $3.6m against liabilities of $256k, net assets of $3.4m. It reported 11 employees.