Friends of RCQ Inc

Analysis

Friends of RCQ Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of RCQ Inc reported income of $429k and spending of $527k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $429k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of RCQ Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Generations Matter Early Learning Center ($429k), Access Group Loan Reserve Trust I 51529-000 ($429k) and Ultimate Parents Booster Club ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.