Qed Foundation Inc

Analysis

Qed Foundation Inc is a registered charity in United States, based in Amherst, NH. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Qed Foundation Inc reported income of $229k and spending of $247k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $229k (+97%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Qed Foundation Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within NH. Charities of a similar size with the same main cause include Brielle Community Libraryassciation ($229k), Sound of Pride Parents Association Inc ($229k) and HC Drugfree Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $161k. At year end it held assets of $103k against liabilities of $147k, net assets of -$44k. It reported 3 employees.