Cabanaconde City Colca USA Inc

Analysis

Cabanaconde City Colca USA Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cabanaconde City Colca USA Inc reported income of $53k and spending of $30k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cabanaconde City Colca USA Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Legatus ($53k), Tyngsboro Youth Soccer Association ($53k) and 2359 Vision ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $345k against liabilities of $0, net assets of $345k.