Qlarant Foundation Inc

Analysis

Qlarant Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, 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 2024, Qlarant Foundation Inc reported income of $2.2m and spending of $569k, leaving 74% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $2.2m (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 139%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Qlarant Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Memorial Hospital Foundation ($2.2m), International Service Center ($2.2m) and Infirmary Foundation Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $29k (5.2% of expenses). Other salaries and wages came to $45k. At year end it held assets of $20.7m against liabilities of $444k, net assets of $20.2m.