Quincy Area Project General Fund

Analysis

Quincy Area Project General Fund is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in October 1962, 64 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Quincy Area Project General Fund reported income of $195k and spending of $204k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $195k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy Area Project General Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Columbiana Area Tourism Bureau ($195k), Corporate Action Network ($195k) and Strengthening Families All Around the World Inc ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $11k against liabilities of $2,717, net assets of $8,134.