Quincy 2000 Corporation

Analysis

Quincy 2000 Corporation is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Quincy 2000 Corporation reported income of $64k and spending of $76k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $58k to $64k (+9.4%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 461%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy 2000 Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Working Today Inc ($64k), California Association of Public Health Laboratory Directors ($64k) and Christs Freedom for Haiti ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $40k against liabilities of $26k, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.