Queen City Prc Inc
EIN: 452410812 · Charlotte, NC · NTEE: X2
Is Queen City Prc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Queen City Prc Inc
Queen City Prc Inc (EIN: 452410812) is a nonprofit organization based in Charlotte, NC, classified under NTEE code X2. The organization reported total revenue of $3.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queen City Prc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Queen City Prc Inc is a mid-size nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$430K |
| Total Assets | $2.1M |
| Total Liabilities | $257K |
| Net Assets | $1.9M |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 12.0% |
| Months of Reserves | 16.8 months |
Financial Health Grade: A
In 2024, Queen City Prc Inc reported a surplus of $430K with revenue exceeding expenses, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.0% (very low leverage).
Financial Trends
Over 3 years of filings (2022–2024), Queen City Prc Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.1% | +24.7% | +21.9% |
| 2023 | +22.3% | +131.1% | +84.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Queen City Prc Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Queen City Prc Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $430K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.0%.
Frequently Asked Questions about Queen City Prc Inc
Is Queen City Prc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queen City Prc Inc (EIN: 452410812) insufficient data. 0 red flags identified, 0 strengths noted.
How does Queen City Prc Inc spend its money?
Detailed spending breakdown data is not yet available for Queen City Prc Inc. Check back for updated IRS 990 analysis.
Are donations to Queen City Prc Inc tax-deductible?
Queen City Prc Inc is registered as a tax-exempt nonprofit (EIN: 452410812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Queen City Prc Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Queen City Prc Inc's revenue has grown by 37.2%, moving from $1.4M to $2.0M. Total assets increased by 124.4% over the same period, from $955K to $2.1M. Total functional expenses rose by 188.3%, from $530K to $1.5M. In its most recent filing year (2024), Queen City Prc Inc reported a surplus of $430K, with revenue exceeding expenses. The organization holds $257K in liabilities against $2.1M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $1.5M | $2.1M | $257K | — | View 990 |
| 2023 | $1.7M | $1.2M | $1.8M | $313K | — | — |
| 2022 | $1.4M | $530K | $955K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $1.5M, and assets of $2.1M (revenue +12.1% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.2M, and assets of $1.8M (revenue +22.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $530K, and assets of $955K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Queen City Prc Inc:
Data Sources and Methodology
This transparency report for Queen City Prc Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.