Queen City Cocoa B E A N S Incorporated
Only null% goes to programs Growing revenue
Queen City Cocoa B E A N S Incorporated is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2021, with $114,472 in FY2024 revenue. CharityIndex grades it D.
5500 Executive Center Drive, Charlotte, NC, 28212 EIN 85-2912068 Since 2021
Revenue (FY2024)
$114K
▼ 43.4% vs prior year
Health median: $840K
Expenses (FY2024)
$196K
Net assets
$40K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Queen City Cocoa B E A N S Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating2 mo reserves · -71% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Queen City Cocoa B E A N S Incorporated: 2 mo reserves · -71% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Queen City Cocoa B E A N S Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Queen City Cocoa B E A N S Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 5500 Executive Center Drive, Charlotte, NC, 28212
- City
- Charlotte
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Public Health & Wellness
- Website
- …
Financial trends
Revenue grew from $15K (FY2021) to $114K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $40K
Operating margin
-71.0%
Spent more than it raised in the latest fiscal year.
Total assets
$40K
Total liabilities
$0
Net assets
$40K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,472▼43.4% | $195,739▲1.9% | $40,237▼66.9% | $40,237▼66.9% | 990 |
| 2023 | $202,097▼9.4% | $192,036▲61.2% | $121,504▲9.0% | $121,504▲9.0% | 990 |
| 2022 | $223,150▲1388% | $119,107▲1467% | $111,443▲1406% | $111,443▲1406% | 990 |
| 2021 | $15,000 | $7,600 | $7,400 | $7,400 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $385K total
3 grants to Queen City Cocoa B E A N S Incorporated totaling $385K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Community Foundation Inc | To support the organization's stated mission | 2024 | $84,435 |
| North Carolina Community Foundation Inc | Public health | 2023 | $169,194 |
| North Carolina Community Foundation Inc | Health | 2022 | $131,372 |
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Compare Queen City Cocoa B E A N S Incorporated
Frequently asked questions
- Is Queen City Cocoa B E A N S Incorporated a legitimate nonprofit?
- Yes. Queen City Cocoa B E A N S Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-2912068, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Queen City Cocoa B E A N S Incorporated's EIN?
- Queen City Cocoa B E A N S Incorporated's Employer Identification Number (EIN) is 85-2912068.
- How much revenue does Queen City Cocoa B E A N S Incorporated report?
- Queen City Cocoa B E A N S Incorporated reported $114,472 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Queen City Cocoa B E A N S Incorporated have?
- CharityIndex grades Queen City Cocoa B E A N S Incorporated D, based on financial health (reserves and operating margin).
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Data for Queen City Cocoa B E A N S Incorporated (EIN 85-2912068) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.