Friends of Central Queens Academy Inc

Analysis

Friends of Central Queens Academy Inc is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Central Queens Academy Inc reported income of $3.1m and spending of $3.3m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $663k to $3.1m (+363%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 213%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Central Queens Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Pressley Ridge Foundation ($3.1m), Erie Day School Inc ($3.1m) and Peace Academy Charter ($3.1m).

At year end it held assets of $489k against liabilities of $356k, net assets of $133k.