DFC Qalicb Inc

Analysis

DFC Qalicb Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DFC Qalicb Inc reported income of $679k and spending of $13k, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $602k to $679k (+13%), an average of +13% a year. Over the whole period it spent 1.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, DFC Qalicb Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Georgia Chamber of Commercefoundation Inc ($678k), Catalina Island Medical Center Foundation Inc ($679k) and Create Campaign Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $22.3m against liabilities of $21.0m, net assets of $1.3m.