Quindaro Development Corporation

Analysis

Quindaro Development Corporation is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Quindaro Development Corporation reported income of $61k and spending of $92k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $61k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 162% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quindaro Development Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within KS. Charities of a similar size with the same main cause include Mission Okolona Inc ($61k), Coastal Electric Trust ($61k) and River Park Community Foundation Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $480k against liabilities of $0, net assets of $480k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.