Quietmind Foundation

Analysis

Quietmind Foundation is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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, Quietmind Foundation reported income of $120k and spending of $180k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $120k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quietmind Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Catherine McAuley Health Services Corp ($120k), Support for Life ($120k) and San Francisco Womens Cancer Network ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $4,847, net assets of $42k.