Community Foundation of the Quincy Area

Analysis

Community Foundation of the Quincy Area is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of the Quincy Area reported income of $6.9m and spending of $7.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $6.9m (+468%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Quincy Area sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Just One Chesed Inc ($6.9m), Manatee Community Foundation Inc ($6.9m) and United Way of Northwest Georgia Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $179k (2.4% of expenses). Other salaries and wages came to $185k. At year end it held assets of $62.9m against liabilities of $2.2m, net assets of $60.8m. It reported 5 employees.