Quad Cities Community Foundation

Analysis

Quad Cities Community Foundation is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in February 1999, 27 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, Quad Cities Community Foundation reported income of $14.8m and spending of $12.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.9m to $14.8m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quad Cities Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include United Way of the Columbia- Willamette ($14.8m), Women Donors Network ($14.9m) and Community Foundation of Bloomington and Monroe County Inc ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $238k (1.9% of expenses). Other salaries and wages came to $899k. At year end it held assets of $184.9m against liabilities of $1.7m, net assets of $183.2m. It reported 20 employees.