Qsac Inc

Analysis

Qsac Inc is a registered charity in United States, based in NYC, NY. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Qsac Inc reported income of $99.3m and spending of $97.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $88.5m to $99.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Qsac Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Mental Health Systems Inc ($99.1m), Halifax Regional Hospital Inc ($99.3m) and Warren General Hospital ($99.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.1m (1.1% of expenses). Other salaries and wages came to $53.2m. At year end it held assets of $76.2m against liabilities of $60.7m, net assets of $15.4m. It reported 1,778 employees.