Quantum Leap Health Carecollaborative

Analysis

Quantum Leap Health Carecollaborative is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Quantum Leap Health Carecollaborative reported income of $45.1m and spending of $47.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $45.1m (+199%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quantum Leap Health Carecollaborative sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Foundation for the Elderly ($45.1m), Church Homes Inc Congregational ($45.3m) and Northern California Retired Officers Community ($45.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.0m (4.3% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $58.2m against liabilities of $29.4m, net assets of $28.8m. It reported 121 employees.