Xquisite

Analysis

Xquisite is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Xquisite reported income of $517k and spending of $482k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $369k to $517k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Xquisite sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Greater Bennington Interfaith Community Services Inc ($517k), Embrace Change Corp ($517k) and Jeffs Place Childrens Bereavement Center Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $115k. At year end it held assets of $114k against liabilities of $5,482, net assets of $108k. It reported 11 employees.