Quad Cities Golf Classic Charitable Foundation

Analysis

Quad Cities Golf Classic Charitable Foundation is a registered charity in United States, based in East Moline, IL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Quad Cities Golf Classic Charitable Foundation reported income of $26.6m and spending of $25.9m, spending 97% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $24.4m to $26.6m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to October 2021, when income rose by 72%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quad Cities Golf Classic Charitable Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Toledo Community Foundation ($26.6m), Greater Kanawha Valley Foundation ($26.8m) and Giveclear Foundation ($26.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 95% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $130k (0.5% of expenses). Other salaries and wages came to $530k. At year end it held assets of $12.5m against liabilities of $8.3m, net assets of $4.2m. It reported 8 employees.