Quincy Society of Fine Arts

Analysis

Quincy Society of Fine Arts is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in March 1951, 75 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 June 2023, Quincy Society of Fine Arts reported income of $406k and spending of $304k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $406k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quincy Society of Fine Arts 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 Soundcorps Inc ($406k), Salt Contemporary Dance Inc ($406k) and Afterwork Theater Inc ($406k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 8.6% of the total. Other salaries and wages came to $145k. At year end it held assets of $916k against liabilities of $9,095, net assets of $907k. It reported 5 employees.