Quad Communities Development Corporation NFP

Analysis

Quad Communities Development Corporation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quad Communities Development Corporation NFP reported income of $694k and spending of $554k, leaving 20% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $420k to $694k (+65%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quad Communities Development Corporation NFP sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Greater Eastern Oregon Development Corporation ($694k), West Virginia High Technology Consortium Foundation ($694k) and Bread Project ($694k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $112k. At year end it held assets of $837k against liabilities of $824k, net assets of $13k. It reported 3 employees.