Quantum Future Group

Analysis

Quantum Future Group is a registered charity in United States, based in Otto, NC. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quantum Future Group reported income of $80k and spending of $46k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $135k to $80k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quantum Future Group sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Washington Korean Womens Society Culture and Scholarship Fund Inc ($80k), The Musical Club of Hartford Incorporated ($80k) and Artlands Creative ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.