Quest Therapeutic Services Inc

Analysis

Quest Therapeutic Services Inc is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in May 2003, 23 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, Quest Therapeutic Services Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $747k to $1.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quest Therapeutic Services Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Lake Superior Community Development Corp ($1.2m), B a C a International Inc ($1.2m) and Dpas Assist the Officer Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $128k (11% of expenses). Other salaries and wages came to $572k. At year end it held assets of $1.6m against liabilities of $476k, net assets of $1.1m. It reported 20 employees.