Quincy Freedom Fest Inc

Analysis

Quincy Freedom Fest Inc is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in August 2022, 4 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, Quincy Freedom Fest Inc reported income of $67k and spending of $70k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $67k (-6.5%), an average of -6.5% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quincy Freedom Fest Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include American Academy of Craniomaxillofacial Surgeons Found ($67k), Southern California Superintendents Association ($67k) and Sachem North Boys Lacrosse Booster Club Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $2,422 against liabilities of $0, net assets of $2,422.