Quincy University Corporation

Analysis

Quincy University Corporation is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in September 1940, 86 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Quincy University Corporation reported income of $51.7m and spending of $54.2m, spending 105% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $43.7m to $51.7m (+18%), an average of +5.7% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quincy University Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Worcester City Campus Corporation ($51.7m), Panda Cares Foundation Inc ($51.7m) and Palmdale Aerospace Academy Inc ($51.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Other salaries and wages came to $10.4m. At year end it held assets of $61.2m against liabilities of $44.9m, net assets of $16.3m. It reported 544 employees.