Quality Living Inc

Analysis

Quality Living Inc is a registered charity in United States, based in Holly, MI. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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 September 2023, Quality Living Inc reported income of $1.6m and spending of $1.0m, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $994k to $1.6m (+64%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 28%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Living Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Schmitt Island Development Corporation ($1.6m), South Central College Foundation ($1.6m) and Foundations in Faith Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $733k. At year end it held assets of $1.8m against liabilities of $455k, net assets of $1.3m. It reported 19 employees.