Quinn Foundation
Quinn Foundation experiences significant deficit spending in recent years, drawing on substantial assets.
EIN: 204268916 · Leawood, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.9M |
| Total Expenses | $3.5M |
| Program Spending | 70% |
| Net Assets | $19.6M |
| Transparency Score | 75/100 |
Is Quinn Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quinn Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Quinn Foundation
Quinn Foundation (EIN: 204268916) is a nonprofit organization based in Leawood, KS, classified under NTEE code T20. The organization reported total revenue of $8.9M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quinn Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quinn Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-2,002,265 |
| Total Assets | $19.6M |
| Total Liabilities | $1 |
| Net Assets | $19.6M |
| Operating Margin | -138.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 68.1 months |
Financial Health Grade: B
In 2023, Quinn Foundation reported a deficit of $2.0M with expenses exceeding revenue, holds 68.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Quinn Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +206.2% | -8.3% | -9.3% |
| 2022 | -92.0% | -25.2% | -13.2% |
| 2021 | +51.4% | +69.9% | +3.7% |
| 2020 | +72.5% | -26.1% | +4.1% |
| 2019 | +140.7% | +201.2% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Quinn Foundation with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Quinn Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Quinn Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Quinn Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $3.45M vs. revenue $1.45M)
- Significant decline in assets over the last three years ($24.8M in 2021 to $19.5M in 2023)
- Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Quinn Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Substantial asset base ($18,589,199) provides financial stability despite recent operating deficits.
- Consistently low liabilities ($1 in most recent filings) indicates strong debt management.
Frequently Asked Questions about Quinn Foundation
Is Quinn Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Quinn Foundation (EIN: 204268916) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Quinn Foundation spend its money?
Quinn Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quinn Foundation tax-deductible?
Quinn Foundation is registered as a tax-exempt nonprofit (EIN: 204268916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quinn Foundation's spending goes to programs?
Quinn Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Quinn Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Quinn Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quinn Foundation located?
Quinn Foundation is headquartered in Leawood, Kansas and files with the IRS under EIN 204268916. It is classified under NTEE code T20.
How many years of IRS 990 filings does Quinn Foundation have?
Quinn Foundation has 10 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 $8.9M in total revenue.
Is the Quinn Foundation's deficit spending sustainable?
While the foundation has substantial assets (e.g., $19,580,447 in 2023), the consistent trend of expenses exceeding revenue (e.g., $3.45M expenses vs. $1.45M revenue in 2023) suggests that this level of spending is drawing down assets and may not be sustainable indefinitely without increased revenue or reduced expenditures.
What is the primary use of the Quinn Foundation's significant assets?
With assets of $18,589,199 and minimal liabilities, the foundation holds a substantial endowment or investment portfolio. The specific use of these assets (e.g., generating investment income, funding future programs) is not detailed in the provided summary but is crucial for understanding its long-term strategy.
How does the Quinn Foundation fund its operations given recent revenue shortfalls?
The foundation appears to be funding its operations and programs by drawing from its accumulated assets, as evidenced by the consistent decline in assets from $24,868,596 in 2021 to $19,580,447 in 2023, while expenses have exceeded revenue.
Filing History
IRS 990 filing history for Quinn Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Quinn Foundation's revenue has grown by 681%, moving from $186K to $1.4M. Total assets increased by 184% over the same period, from $6.9M to $19.6M. Total functional expenses rose by 1068.2%, from $296K to $3.5M. In its most recent filing year (2023), Quinn Foundation reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $3.5M | $19.6M | $1 | — | View 990 |
| 2022 | $473K | $3.8M | $21.6M | $1 | — | View 990 |
| 2021 | $5.9M | $5.0M | $24.9M | $1 | — | View 990 |
| 2020 | $3.9M | $3.0M | $24.0M | $1 | — | View 990 |
| 2019 | $2.3M | $4.0M | $23.0M | $1 | — | View 990 |
| 2015 | $942K | $1.3M | $14.0M | $185K | — | View 990 |
| 2014 | $4.9M | $950K | $14.2M | $1 | — | View 990 |
| 2013 | $1.3M | $1.0M | $10.2M | $3K | — | View 990 |
| 2012 | $3.6M | $227K | $9.9M | $0 | — | View 990 |
| 2011 | $186K | $296K | $6.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $3.5M, and assets of $19.6M (revenue +206.2% year-over-year).
- 2022: Revenue of $473K, expenses of $3.8M, and assets of $21.6M (revenue -92.0% year-over-year).
- 2021: Revenue of $5.9M, expenses of $5.0M, and assets of $24.9M (revenue +51.4% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.0M, and assets of $24.0M (revenue +72.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $4.0M, and assets of $23.0M (revenue +140.7% year-over-year).
- 2015: Revenue of $942K, expenses of $1.3M, and assets of $14.0M (revenue -80.9% year-over-year).
- 2014: Revenue of $4.9M, expenses of $950K, and assets of $14.2M (revenue +292.2% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.0M, and assets of $10.2M (revenue -65.4% year-over-year).
- 2012: Revenue of $3.6M, expenses of $227K, and assets of $9.9M (revenue +1854.5% year-over-year).
- 2011: Revenue of $186K, expenses of $296K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quinn Foundation:
Data Sources and Methodology
This transparency report for Quinn Foundation 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.