Discover Quincy Inc
Discover Quincy Inc. faces recent operating deficits despite stable revenue and no reported executive compensation.
EIN: 161682963 · Quincy, MA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $276K |
| Program Spending | 85% |
| Net Assets | $53K |
| Transparency Score | 70/100 |
Is Discover Quincy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Discover Quincy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Discover Quincy Inc
Discover Quincy Inc (EIN: 161682963) is a nonprofit organization based in Quincy, MA, classified under NTEE code S41. The organization reported total revenue of $242K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discover Quincy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Discover Quincy Inc is a small nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $276K |
| Surplus / Deficit | $-33,700 |
| Total Assets | $53K |
| Net Assets | $53K |
| Operating Margin | -13.9% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2019, Discover Quincy Inc reported a deficit of $34K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2019), Discover Quincy Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +3.9% | -2.9% | -39.0% |
| 2018 | -13.3% | +6.3% | -37.7% |
| 2017 | -18.0% | -8.6% | -3.6% |
| 2016 | +79.7% | +68.7% | +41.5% |
| 2015 | -21.2% | -14.0% | -16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Discover Quincy Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Discover Quincy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive sign for resource allocation to programs given the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Discover Quincy Inc's IRS 990 filings:
- Consecutive years of operating deficits (2018 and 2019), with expenses exceeding revenue by $50,839 and $33,700 respectively.
- Significant decline in total assets from $144,090 in 2016 to $52,793 in 2019, indicating a potential draw on reserves or asset liquidation.
Strengths
The following positive indicators were identified for Discover Quincy Inc:
- Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- Zero liabilities reported in the most recent filings (2018 and 2019), indicating strong debt management.
- Stable revenue generation in the low to mid-$200,000 range over the past several years.
Frequently Asked Questions about Discover Quincy Inc
Is Discover Quincy Inc a legitimate charity?
Discover Quincy Inc (EIN: 161682963) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 70/100. It has 9 years of IRS 990 filings on record. Total revenue: $242K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Discover Quincy Inc spend its money?
Discover Quincy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Discover Quincy Inc tax-deductible?
Discover Quincy Inc is registered as a tax-exempt nonprofit (EIN: 161682963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Discover Quincy Inc's spending goes to programs?
Discover Quincy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Discover Quincy Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Discover Quincy Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Discover Quincy Inc located?
Discover Quincy Inc is headquartered in Quincy, Massachusetts and files with the IRS under EIN 161682963. It is classified under NTEE code S41.
How many years of IRS 990 filings does Discover Quincy Inc have?
Discover Quincy Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $242K in total revenue.
Why have Discover Quincy Inc.'s assets declined significantly from $144,090 in 2016 to $52,793 in 2019?
The filings indicate a steady decrease in assets over this period, which could be due to asset utilization, depreciation, or operating deficits drawing down reserves. Further investigation into the organization's balance sheet would be needed to pinpoint the exact reasons.
How does Discover Quincy Inc. plan to address the recent trend of expenses exceeding revenue, such as the $33,700 deficit in 2019?
Operating at a deficit for consecutive years (2018 and 2019) is not sustainable long-term. The organization would need to either increase revenue streams or reduce expenses to achieve financial stability.
What are the specific program activities that Discover Quincy Inc. funds, given its NTEE code S41 (Tourist Information & Services)?
While the NTEE code indicates a focus on tourist information, the 990 filings do not provide detailed breakdowns of program service accomplishments or specific initiatives. This information would typically be found in Part III of the Form 990.
Filing History
IRS 990 filing history for Discover Quincy Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Discover Quincy Inc's revenue has grown by 5.7%, moving from $229K to $242K. Total assets decreased by 1.4% over the same period, from $54K to $53K. Total functional expenses rose by 73.2%, from $159K to $276K. In its most recent filing year (2019), Discover Quincy Inc reported a deficit of $34K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $242K | $276K | $53K | $0 | — | View 990 |
| 2018 | $233K | $284K | $86K | $0 | — | View 990 |
| 2017 | $269K | $267K | $139K | $2K | — | View 990 |
| 2016 | $328K | $292K | $144K | $8K | — | View 990 |
| 2015 | $182K | $173K | $102K | $2K | — | View 990 |
| 2014 | $231K | $201K | $121K | $30K | — | View 990 |
| 2013 | $161K | $170K | $62K | $266 | — | View 990 |
| 2012 | $174K | $157K | $74K | $3K | — | View 990 |
| 2011 | $229K | $159K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $242K, expenses of $276K, and assets of $53K (revenue +3.9% year-over-year).
- 2018: Revenue of $233K, expenses of $284K, and assets of $86K (revenue -13.3% year-over-year).
- 2017: Revenue of $269K, expenses of $267K, and assets of $139K (revenue -18.0% year-over-year).
- 2016: Revenue of $328K, expenses of $292K, and assets of $144K (revenue +79.7% year-over-year).
- 2015: Revenue of $182K, expenses of $173K, and assets of $102K (revenue -21.2% year-over-year).
- 2014: Revenue of $231K, expenses of $201K, and assets of $121K (revenue +43.9% year-over-year).
- 2013: Revenue of $161K, expenses of $170K, and assets of $62K (revenue -7.8% year-over-year).
- 2012: Revenue of $174K, expenses of $157K, and assets of $74K (revenue -24.0% year-over-year).
- 2011: Revenue of $229K, expenses of $159K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Discover Quincy Inc:
Data Sources and Methodology
This transparency report for Discover Quincy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.