Quebec Labrador Foundation Inc

Analysis

Quebec Labrador Foundation Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in May 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Quebec Labrador Foundation Inc reported income of $1.2m and spending of $1.4m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2021, when income rose by 29%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quebec Labrador Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Find Your Light Foundation ($1.2m), Encircle Therapy ($1.2m) and Fellowship Open Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $371k (26% of expenses). Other salaries and wages came to $276k. At year end it held assets of $5.1m against liabilities of $662k, net assets of $4.5m. It reported 8 employees.