Churches United of the Quad City Area

Analysis

Churches United of the Quad City Area is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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, Churches United of the Quad City Area reported income of $202k and spending of $250k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $651k to $202k (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Churches United of the Quad City Area sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include West Maui Improvement Foundation ($202k), Poe Volunteer Fire Department Inc ($202k) and South Lincoln Ambulance Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). Other salaries and wages came to $12k. At year end it held assets of $1.9m against liabilities of $86k, net assets of $1.8m. It reported 3 employees.