Quality Industries of the Lake of the Ozarks

Analysis

Quality Industries of the Lake of the Ozarks is a registered charity in United States, based in Versailles, MO. It received its IRS tax-exemption ruling in November 1977, 49 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 June 2024, Quality Industries of the Lake of the Ozarks reported income of $913k and spending of $851k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $698k to $913k (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Industries of the Lake of the Ozarks sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include National Ambucs Inc ($913k), Evangelical Theological Society ($913k) and Tallahassee Senior Citizens Foundation Inc Old Armory BLDG ($913k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 81% of the total. Other salaries and wages came to $622k. At year end it held assets of $485k against liabilities of $99k, net assets of $386k. It reported 80 employees.