Quad Cities Open Network

Analysis

Quad Cities Open Network is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Cities Open Network reported income of $443k and spending of $346k, leaving 22% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $621k to $443k (-29%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quad Cities Open Network sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Snowbasin Adaptive Sports Education Foundation ($443k), New Neighbors Partnership Association ($443k) and Food Dignity Project Inc ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $68k. At year end it held assets of $306k against liabilities of $15k, net assets of $291k. It reported 4 employees.