Quad Cities Community Broadcasting Group Inc

Analysis

Quad Cities Community Broadcasting Group Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in August 2004, 22 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 (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, Quad Cities Community Broadcasting Group Inc reported income of $355k and spending of $445k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $355k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quad Cities Community Broadcasting Group Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Washington D C International Film Festival Inc ($355k), New Jersey Capital Philharmonic Orchestra Inc ($355k) and Northern Starz Theatre Company ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $131k (30% of expenses). At year end it held assets of $555k against liabilities of $240k, net assets of $315k. It reported 3 employees.