Firehouse 23 Qalicb

Analysis

Firehouse 23 Qalicb is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Firehouse 23 Qalicb reported income of $414k and spending of $344k, spending 83% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.6m to $414k (-75%), an average of -74% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Firehouse 23 Qalicb sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Affordable Housing Opportunities Inc ($414k), Inver Grove Heights Good Samaritan Housing Inc ($414k) and Washington Heights Development Fund Corporation ($414k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $13.4m against liabilities of $11.8m, net assets of $1.5m.