Queens Club Inc

Analysis

Queens Club Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Queens Club Inc reported income of $62k and spending of $47k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $62k (+184%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queens Club Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Bainbridge Island Japanese- American Community ($62k), Friends of the Weston Public Library Incorporated ($62k) and Hevin ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 78% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.