Quad City Symphony TR

Analysis

Quad City Symphony TR is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in May 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quad City Symphony TR reported income of $272k and spending of $713k, spending 262% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $814k to $272k (-67%), an average of -31% a year. The sharpest change came in the year to June 2023, when income dropped by 73%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quad City Symphony TR sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Connecticut Storytelling Center Inc ($272k), Flux Projects Inc ($272k) and High Plains Heritage Society ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $13.4m against liabilities of $0, net assets of $13.4m.