Quality Products Inc

Analysis

Quality Products Inc is a registered charity in United States, based in Nevada, MO. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 Products Inc reported income of $478k and spending of $476k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $478k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Products Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include The Fire Island Lighthouse Preservation Society Inc ($478k), New Castle Baseball and Softball Association Inc ($478k) and Burns Recovered Support Group Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $307k. At year end it held assets of $968k against liabilities of $522k, net assets of $446k. It reported 31 employees.