Dominico American Society of Queens Inc

Analysis

Dominico American Society of Queens Inc is a registered charity in United States, based in Corona, NY. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Dominico American Society of Queens Inc reported income of $178k and spending of $218k, spending 123% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $216k to $178k (-18%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dominico American Society of Queens Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Hispanic Chamber of Commerce of Louisiana Foundation ($178k), Ichamps ($178k) and Experience Old Town Warrenton Inc ($178k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $3,000 (1.4% of expenses). Other salaries and wages came to $58k. At year end it held assets of $8,561 against liabilities of $17k, net assets of -$8,809. It reported 4 employees.