Qoqnoos - Phoenix Project Incorporated

Analysis

Qoqnoos - Phoenix Project Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qoqnoos - Phoenix Project Incorporated reported income of $84k and spending of $97k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $208k to $84k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 64% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Qoqnoos - Phoenix Project Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Bright Futures Cambodia ($84k), Power of Education Foundation ($84k) and Mapendo Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.