Quincea Inc

Analysis

Quincea Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Quincea Inc reported income of $983k and spending of $776k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $983k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincea Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Icouldbe Org Inc ($983k), Upper Snake River Tribes Foundation Inc ($983k) and West Central Municipal Conference ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $188k (24% of expenses). Other salaries and wages came to $434k. At year end it held assets of $713k against liabilities of $0, net assets of $713k. It reported 27 employees.