Grow Quad Cities Fund-Iowa

Analysis

Grow Quad Cities Fund-Iowa is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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, Grow Quad Cities Fund-Iowa reported income of $335k and spending of $439k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $286k to $335k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grow Quad Cities Fund-Iowa sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include American Gas Foundation ($335k), Hockley County Senior Citizens Association Inc ($335k) and Inn of Last Resort Inc ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $412k against liabilities of $5,070, net assets of $407k.