Quail Summit Inc

Analysis

Quail Summit Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Quail Summit Inc reported income of $5.6m and spending of $6.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quail Summit Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Pacific Housing Inc a California Nonprofit Public Benefit Corporati ($5.6m), Housing Economic Reinvestment Opportunities Inc ($5.6m) and Century Villages at Cabrillo Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $8.3m against liabilities of $10.3m, net assets of -$2.0m. It reported 94 employees.

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.