Quality Independent Living Corp

Analysis

Quality Independent Living Corp is a registered charity in United States, based in Audubon, NJ. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 August 2023, Quality Independent Living Corp reported income of $362k and spending of $348k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $329k to $362k (+10%), an average of +2.4% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Independent Living Corp 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 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($362k), Project Talk Inc ($362k) and Road Runners Club of America ($362k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $55k. At year end it held assets of $207k against liabilities of $841k, net assets of -$634k. It reported 1 employees.