BGCMR Qalicb

Analysis

BGCMR Qalicb is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, BGCMR Qalicb reported income of $72k and spending of $244k, spending 340% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $573k to $72k (-87%), an average of -65% a year. The sharpest change came in the year to June 2022, when income dropped by 88%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, BGCMR Qalicb sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include New Britain Legacies Corp ($72k), A Youth Educational Foundation Inc ($72k) and Regents of the University of Minnesota ($72k).

At year end it held assets of $5.7m against liabilities of $5.5m, net assets of $202k.