Quest Village III of Georgia Inc

Analysis

Quest Village III of Georgia Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2013, 13 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 2022, Quest Village III of Georgia Inc reported income of $337k and spending of $430k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $257k to $337k (+31%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quest Village III of Georgia Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include National Housing Corporation ($337k), Supporting Kidds Inc ($337k) and Wynnfield Overbrook Revitalization Corporation ($337k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Other salaries and wages came to $34k. At year end it held assets of $3.1m against liabilities of $3.2m, net assets of -$29k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.