Queens Power Inc

Analysis

Queens Power Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in September 1978, 48 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 November 2023, Queens Power Inc reported income of $361k and spending of $321k, spending 89% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $88k to $361k (+308%), an average of +42% a year. The sharpest change came in the year to November 2020, when income rose by 128%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queens Power Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Knox Pregnancy Services Incorporated ($361k), Catholic Biblical School of Michigan Ltd ($361k) and The Sapphire Theatre Company Inc ($361k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,800 (2.4% of expenses). Other salaries and wages came to $179k. At year end it held assets of $266k against liabilities of $42k, net assets of $224k. It reported 3 employees.