Healthcare Quality Strategies Inc

Analysis

Healthcare Quality Strategies Inc is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in April 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthcare Quality Strategies Inc reported income of $2.1m and spending of $4.0m, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $2.1m (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Quality Strategies Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Adapt Foundation Inc ($2.1m), Village of Hope America Inc ($2.1m) and Solidaridad Sin Fronteras Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $577k (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.7m against liabilities of $3.5m, net assets of $7.2m. It reported 32 employees.