Quincy Community Action Programs Inc

Analysis

Quincy Community Action Programs Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in December 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Quincy Community Action Programs Inc reported income of $52.3m and spending of $50.9m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.7m to $52.3m (+70%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quincy Community Action Programs Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Continuum of Care Inc ($52.2m), Joseph P Addabbo Family Health Center Inc ($52.4m) and Collier Community Foundation Inc ($52.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $324k (0.6% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $18.2m against liabilities of $10.6m, net assets of $7.6m. It reported 148 employees.