Queens Public Communications Corporation

Analysis

Queens Public Communications Corporation is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Queens Public Communications Corporation reported income of $5.1m and spending of $5.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $5.1m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Queens Public Communications Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Cincinnati Baseball Museum ($5.1m), Cooperatives for a Better World ($5.1m) and Z Space Studio ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $335k (6.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $19.7m against liabilities of $581k, net assets of $19.1m. It reported 43 employees.