Quincy Institute for Responsible Statecraft

Analysis

Quincy Institute for Responsible Statecraft is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2019, 7 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 December 2023, Quincy Institute for Responsible Statecraft reported income of $8.9m and spending of $6.2m, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.3m to $8.9m (+169%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy Institute for Responsible Statecraft sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Mission Asset Fund ($8.9m), Spruce Root Inc ($8.9m) and Job Squad Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $583k (9.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.3m against liabilities of $530k, net assets of $6.7m. It reported 56 employees.