Queen City PRC Inc

Analysis

Queen City PRC Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Queen City PRC Inc reported income of $2.0m and spending of $1.5m, leaving 22% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.4m to $2.0m (+37%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Queen City PRC Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Mifal Mayunes Inc ($2.0m), Ministerio Buen Samaritano Marc Marcos a Rivera Cordova Inc ($2.0m) and Jesus Real Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $134k (8.7% of expenses). Other salaries and wages came to $677k. At year end it held assets of $2.1m against liabilities of $257k, net assets of $1.9m. It reported 21 employees.