Q Foundation

Analysis

Q Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2004, 22 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, Q Foundation reported income of $198k and spending of $738k, spending 372% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $198k (-95%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 95%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Q Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Thompsontown Ambulance League ($198k), Nashville Peacemakers ($198k) and First Step Pregnancy Center ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $134k (18% of expenses). At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $949k. It reported 6 employees.