Ihm Qalicb Inc

Analysis

Ihm Qalicb Inc is a registered charity in United States, based in Magee, MS. It received its IRS tax-exemption ruling in October 2022, 4 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, Ihm Qalicb Inc reported income of $1.0m and spending of $416k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $1.0m (-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 15% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ihm Qalicb Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within MS. Charities of a similar size with the same main cause include CBCC Foundation for Community Wellness Inc ($1.0m), Family Support Organization of Cumberland Gloucester Salem ($1.0m) and Ann Silverman Community Health Clinic ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $22.8m against liabilities of $20.3m, net assets of $2.5m.