Quincy Business & Technology Corporation

Analysis

Quincy Business & Technology Corporation is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in June 1986, 40 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 June 2023, Quincy Business & Technology Corporation reported income of $256k and spending of $270k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $256k to $256k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy Business & Technology Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Sakan Community Resource Inc ($256k), Life After Uncivil Ruthless Acts Inc ($256k) and Pedro Bay Benefits Corporation Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.1m against liabilities of $72k, net assets of $1.0m. It reported 2 employees.