Quintet of the Americas Inc

Analysis

Quintet of the Americas Inc is a registered charity in United States, based in Douglaston, NY. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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, Quintet of the Americas Inc reported income of $93k and spending of $84k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $83k to $93k (+12%), an average of +12% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quintet of the Americas Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Family Honor Inc ($93k), Sunbeam Corner Inc ($93k) and Eastern Amateur Ski Education Foundation ($93k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $21k against liabilities of $2,630, net assets of $19k.