Quality of Life in Memory of Shilom Neuman Inc

Analysis

Quality of Life in Memory of Shilom Neuman Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Quality of Life in Memory of Shilom Neuman Inc reported income of $898k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $898k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quality of Life in Memory of Shilom Neuman Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Inclusive Alliance Ipa Inc ($898k), Neuro Developmental Treatment Association Inc ($898k) and International Panel Physicians Association Inc ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $90k, net assets of -$70k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.