The QC Family Tree Inc

Analysis

The QC Family Tree Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, The QC Family Tree Inc reported income of $243k and spending of $257k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $243k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The QC Family Tree Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Of Home Family and Future Inc ($243k), Los Islenos Heritage & Cultural Society of St Bernard ($243k) and Meals on Wheels of Somerset County Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $58k. At year end it held assets of $552k against liabilities of $41k, net assets of $511k. It reported 3 employees.