Qualtex Laboratories

Analysis

Qualtex Laboratories is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 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 organisation that tests for public safety under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qualtex Laboratories reported income of $129.4m and spending of $111.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $140.9m to $129.4m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Qualtex Laboratories sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Advantage Health-Saint Marys Medical Group ($129.3m), Planned Parenthood Mar Monte Inc ($129.5m) and Windham Community Memorial Hospital Inc ($129.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $644k (0.6% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $92.5m against liabilities of $16.3m, net assets of $76.3m. It reported 144 employees.