Rolland Curtis Commercial Qalicb Inc

Analysis

Rolland Curtis Commercial Qalicb Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2017, 9 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, Rolland Curtis Commercial Qalicb Inc reported income of $201k and spending of $533k, spending 265% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $201k (+213%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 1685%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rolland Curtis Commercial Qalicb Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Digitunity Inc ($201k), Alliance Area Development Foundation ($201k) and West End Economic Development Corporation ($201k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 68% of the total. At year end it held assets of $5.6m against liabilities of $6.0m, net assets of -$459k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.