Quad Cities Cultural and Educational Charitable Trust

Analysis

Quad Cities Cultural and Educational Charitable Trust is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quad Cities Cultural and Educational Charitable Trust reported income of $1.2m and spending of $2.0m, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.2m (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quad Cities Cultural and Educational Charitable Trust sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Friend Ships ($1.2m), Adagp Charitable Foundation ($1.2m) and Machon Beth Meir ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $35.2m against liabilities of $11k, net assets of $35.2m.