Quincy Art Center

Analysis

Quincy Art Center 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Quincy Art Center reported income of $372k and spending of $551k, spending 148% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $441k to $372k (-15%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 100% 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 Art Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Ensemble Studio Theatre the L a Project ($372k), Warnors Center for the Performingarts ($372k) and Africatown Community Development Corporation ($372k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 12% of the total. Other salaries and wages came to $276k. At year end it held assets of $2.6m against liabilities of $19k, net assets of $2.6m. It reported 18 employees.