Q Place

Analysis

Q Place is a registered charity in United States, based in Carol Stream, IL. It received its IRS tax-exemption ruling in February 1966, 60 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2023, Q Place reported income of $322k and spending of $341k, spending 106% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $408k to $322k (-21%), an average of -7.5% a year. The sharpest change came in the year to May 2021, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Q Place sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Friends of Kitov Inc ($322k), Dream Center of Columbus Inc ($322k) and E3 Elevating Education Everywhere Inc ($322k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 90% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $166k. At year end it held assets of $276k against liabilities of $71k, net assets of $205k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.