FTC Qalicb Inc

Analysis

FTC Qalicb Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, FTC Qalicb Inc reported income of $161k and spending of $780k, spending 484% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $827k to $161k (-81%), an average of -42% a year. The sharpest change came in the year to May 2022, when income rose by 465%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, FTC Qalicb Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include Rocky Mountain Community Radio ($161k), Future River Inc ($161k) and Florida Puerto Rican Parade Inc ($161k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. At year end it held assets of $15.1m against liabilities of $16.1m, net assets of -$953k.

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.