Quincy Main Street Inc

Analysis

Quincy Main Street Inc is a registered charity in United States, based in Quincy, FL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quincy Main Street Inc reported income of $54k and spending of $63k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $54k (-13%), an average of -13% a year. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy Main Street Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Goffstown Main Street Program Inc ($54k), East Aurora Kiwanis Foundation Inc ($54k) and South Brunswick Islands Rotary Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $51k against liabilities of $765, net assets of $50k.