Moonbow QT

Analysis

Moonbow QT is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Moonbow QT reported income of $250k and spending of $249k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $485k to $250k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 51% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Moonbow QT sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Out on the Lakeshore ($250k), Skillful Living Center Inc ($251k) and Jamie Kimble Foundation for Courage ($250k).

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 $77k (31% of expenses). Other salaries and wages came to $83k. At year end it held assets of $358k against liabilities of $669, net assets of $357k. It reported 4 employees.