Quinsigamond Community College Foundation Inc

Analysis

Quinsigamond Community College Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quinsigamond Community College Foundation Inc reported income of $934k and spending of $702k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $512k to $934k (+82%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quinsigamond Community College Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Tinyhearts Childcare Center Inc ($934k), Nywici Foundation Inc ($934k) and Fathers House Christian Center ($934k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.1m against liabilities of $26k, net assets of $6.1m.