Qualitas of Life Foundation

Analysis

Qualitas of Life Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Qualitas of Life Foundation reported income of $560k and spending of $632k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $560k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Qualitas of Life Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Hillsdale County Task Force on Family Violence Domestic Harmony ($560k), Multi-Ethnic Youth Group Association Inc ($560k) and Storehouse West Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $368k. At year end it held assets of $422k against liabilities of $24k, net assets of $397k. It reported 24 employees.