Quad-City Music Guild

Analysis

Quad-City Music Guild is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in April 1950, 76 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quad-City Music Guild reported income of $411k and spending of $320k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $411k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 85% 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-City Music Guild sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include American Chemical Society ($411k), Great Arizona Puppet Theater Inc ($411k) and Friends of the Apostle Islands National Lakeshore Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.