The Quincy Museum Inc

Analysis

The Quincy Museum Inc is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in April 2024, 2 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 May 2024, The Quincy Museum Inc reported income of $211k and spending of $238k, spending 113% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $181k to $211k (+16%), an average of +3.1% a year. The sharpest change came in the year to May 2023, when income rose by 138%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Quincy Museum Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Laughing Horse Arts Foundation ($211k), Minnesota Fishing Museum ($211k) and Second Generation Theatre Company Inc ($211k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 67% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $6,505 (2.7% of expenses). Other salaries and wages came to $55k. At year end it held assets of $538k against liabilities of $5,368, net assets of $533k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.