Qlarant Inc

Analysis

Qlarant Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Qlarant Inc reported income of $786k and spending of $472k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $786k (-45%), an average of -11% a year. The sharpest change came in the year to June 2024, when income dropped by 70%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Qlarant Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Katallasso Inc ($786k), Invictus Enterprises Foundation Inc ($786k) and Ottawa County Family Advocacy Center Inc ($786k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $177k (37% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.6m against liabilities of $7.2m, net assets of $3.3m. It reported 94 employees.