X-Quest Inc

Analysis

X-Quest Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, X-Quest Inc reported income of $116k and spending of $41k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $116k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, X-Quest Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Travelers Rest Preservation and Heritage Association ($116k), Houston Law Review ($116k) and Ping Providing Instruments for Thenext Generation ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $326k against liabilities of $72k, net assets of $254k.