Segunda Quimbamba Folkloric Center Inc

Analysis

Segunda Quimbamba Folkloric Center Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Segunda Quimbamba Folkloric Center Inc reported income of $156k and spending of $130k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $59k to $156k (+163%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Segunda Quimbamba Folkloric Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Lyceum of Monterey County ($156k), Unity Gospel Choir International ($156k) and The Original Gullah Festival of South Carolina Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $80k against liabilities of $5,399, net assets of $75k.