Queen City Cocoa B E a N S Incorporated

Analysis

Queen City Cocoa B E a N S Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Queen City Cocoa B E a N S Incorporated reported income of $202k and spending of $192k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $223k to $202k (-9.4%), an average of -9.4% a year. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Queen City Cocoa B E a N S Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include New York Health Information Management Association Inc ($202k), Dances with Wood Inc ($202k) and Samaritan Auxiliary ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (37% of expenses). At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 1 employees.