East End Maker Hub Qalicb Inc

Analysis

East End Maker Hub Qalicb Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East End Maker Hub Qalicb Inc reported income of $337k and spending of $1.5m, spending 454% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $337k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East End Maker Hub Qalicb Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Kings Highway District Management Association Inc ($337k), NCS Community Development Corp ($337k) and North Carolina Business Leadership Network Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $34.9m against liabilities of $30.7m, net assets of $4.2m.