Quality of Life Foundation Inc

Analysis

Quality of Life Foundation Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in August 2008, 18 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 October 2023, Quality of Life Foundation Inc reported income of $219k and spending of $340k, spending 156% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $302k to $219k (-28%), an average of -7.8% a year. The sharpest change came in the year to October 2023, when income dropped by 33%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quality of Life Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Family Promise of Cowlitz County ($219k), Forest and Found ($219k) and Brian Othmer Foundation ($219k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $243k. It paid $735 in professional fundraising fees. At year end it held assets of $129k against liabilities of $12k, net assets of $118k. It reported 5 employees.