Quincy Medical Group Healthcare Foundation

Analysis

Quincy Medical Group Healthcare Foundation is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in September 2008, 18 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quincy Medical Group Healthcare Foundation reported income of $339k and spending of $252k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $339k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quincy Medical Group Healthcare Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Knoxville Jazz Orchestra ($339k), Colorado Conservatory for the Jazz Arts ($339k) and Fifty Over Fifty Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $731k against liabilities of $4,117, net assets of $727k.