Quixote Foundation

Analysis

Quixote Foundation is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quixote Foundation reported income of $915k and spending of $337k, leaving 63% of income unspent that year. Across the 2 years on record, from June 2021 to June 2023, income grew from $330k to $915k (+177%), an average of +177% a year. The sharpest change came in the year to June 2023, when income rose by 177%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quixote Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include W B Collins Early Learning Project ($915k), Inspiring Minds ($915k) and Led Better Inc ($915k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.8m against liabilities of $4.9m, net assets of $1.9m.