Friends of the Quad Cities

Analysis

Friends of the Quad Cities is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Quad Cities reported income of $118k and spending of $134k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $355k to $118k (-67%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 70%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Quad Cities sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Redwood Symphony ($118k), PTA Georgia Congress ($118k) and Christian Television Network of Iowa Inc ($118k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $104k, net assets of $361k.

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.