Quality of Life Inc

Analysis

Quality of Life Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Inc reported income of $513k and spending of $640k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $671k to $513k (-24%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quality of Life Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Seena Magowitz Foundation Inc ($513k), San Diego Council on Literacy ($513k) and Rescue One More Inc ($513k).

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 $151k against liabilities of $0, net assets of $151k.