Quality Development Corp

Analysis

Quality Development Corp is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Quality Development Corp reported income of $946k and spending of $798k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $946k (+13%), an average of +3.2% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quality Development Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Nonprofit Housing Preservation Ra Inc ($946k), Have Faith Haiti Mission Support Trust ($947k) and Essex Properties Urban Renewal Associates Inc ($945k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $106k. At year end it held assets of $1.8m against liabilities of $712k, net assets of $1.1m.