Quality Health Network

Analysis

Quality Health Network is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 2005, 21 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 December 2023, Quality Health Network reported income of $5.8m and spending of $6.8m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $5.8m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quality Health Network sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Coastal Mental Health Center Inc ($5.8m), Northern Ohio Handicapped Fund ($5.8m) and Froedtert Memorial Lutheran Hospital Trust ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 113% of the total. Compensation of current officers, directors and key employees was $1.9m (27% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.3m against liabilities of $1.2m, net assets of $7.1m. It reported 32 employees.