CPS Qalicb Inc

Analysis

CPS Qalicb Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, CPS Qalicb Inc reported income of $296k and spending of $554k, spending 187% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $188k to $296k (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 206%. Over the whole period it spent 238% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CPS Qalicb Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Estancia High School All Sports Boosters ($296k), Inspirational Workshops ($296k) and Armstrong Bradfield Preschool Association ($296k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.2m against liabilities of $11.7m, net assets of -$1.5m.

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.