Quincy Development Association

Analysis

Quincy Development Association is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Development Association reported income of $578k and spending of $39k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $254k to $578k (+127%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 581%. Over the whole period it spent 6.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quincy Development Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Seville Farm Family Housing Association Inc ($578k), Church of Christ Non Profit Housingcorporation ($578k) and Ahepa 371 II Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.6% of the total. At year end it held assets of $4.6m against liabilities of $1.0m, net assets of $3.6m.