Building 77 Qalicb Inc

Analysis

Building 77 Qalicb Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Building 77 Qalicb Inc reported income of $15.2m and spending of $23.8m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $35.2m to $15.2m (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building 77 Qalicb Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Desert Haven Enterprises ($15.2m), Goodwill Industries of East Texas Inc ($15.2m) and Florida Community Loan Fund ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $182.7m against liabilities of $12.7m, net assets of $170.0m.