Health Quest Systems Inc

Analysis

Health Quest Systems Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in September 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Health Quest Systems Inc reported income of $30.1m and spending of $30.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $155.4m to $30.1m (-81%), an average of -34% a year. The sharpest change came in the year to September 2023, when income dropped by 55%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Quest Systems Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Blue Star Families Inc ($30.0m), Community Concepts Incorporated ($30.1m) and Lions World Vision Institute Inc ($30.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 100% of the total. Other salaries and wages came to $14.8m. At year end it held assets of $162.9m against liabilities of $159.4m, net assets of $3.5m. It reported 1,062 employees.