Iowa Quality Center Inc

Analysis

Iowa Quality Center Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Iowa Quality Center Inc reported income of $68k and spending of $124k, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $510k to $68k (-87%), an average of -40% a year. The sharpest change came in the year to June 2023, when income dropped by 81%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa Quality Center Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IA. Charities of a similar size with the same main cause include Mare Scholarship Fund ($68k), Simi Valley Friends of the Library Inc ($68k) and Kraemer Instrumental Music Booster Club ($68k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. At year end it held assets of $77k against liabilities of $4,565, net assets of $72k.