Quincys Quest Foundation Inc

Analysis

Quincys Quest Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quincys Quest Foundation Inc reported income of $89k and spending of $111k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $129k to $89k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quincys Quest Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Johnson Family Stewardship Foundation ($89k), Lynne F Solon Foundation ($89k) and US Presidential Scholars Foundation ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.