Quelab

Analysis

Quelab is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Quelab reported income of $70k and spending of $55k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $58k to $70k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quelab sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within NM. Charities of a similar size with the same main cause include Chouteau-Mazie Leadership & Academic Support for Students ($70k), California Association of Realtors Scholarship Foundation ($70k) and El Dorado Song Boosters ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 4.3% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.