The Quincy College Foundation Inc

Analysis

The Quincy College Foundation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Quincy College Foundation Inc reported income of $50k and spending of $47k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $558k to $50k (-91%), an average of -55% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Quincy College Foundation 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 20th percentile, and in the 28th percentile within MA. Charities of a similar size with the same main cause include Dallas Christian Home Educators ($50k), North Muskegon Booster Club Inc ($50k) and Burleson Big Red Booster Club ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% of the total. At year end it held assets of $1.1m against liabilities of $71k, net assets of $1.1m.