Iqor Qares Corp

Analysis

Iqor Qares Corp is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Iqor Qares Corp reported income of $196k and spending of $224k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $196k (+13%), an average of +13% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iqor Qares Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Smith Mountain Lake Charity Home Tour Inc ($196k), Logan Martin Charity Foundation ($196k) and At-Choo Foundation ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.