Quit Doc Research and Educationfoundation Inc

Analysis

Quit Doc Research and Educationfoundation Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in July 2007, 19 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, Quit Doc Research and Educationfoundation Inc reported income of $927k and spending of $942k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $927k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quit Doc Research and Educationfoundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Kafika House Inc ($927k), Dr Lorna Breen Heroes Foundation ($927k) and Applied Epi Incorporated ($927k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $178k (19% of expenses). Other salaries and wages came to $526k. At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.1m. It reported 17 employees.