Quincy Service Club Foundation

Analysis

Quincy Service Club Foundation is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in February 2023, 3 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 June 2024, Quincy Service Club Foundation reported income of $130k and spending of $81k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $102k to $130k (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 35% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quincy Service Club Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Workforce Opportunity Resource Center Worc2 Lab Inc ($130k), Mobile Quarterback Club Inc ($130k) and Dome District Business Association Inc ($130k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. At year end it held assets of $165k against liabilities of $20k, net assets of $146k.