Society of Quality Assurance Learning Foundation

Analysis

Society of Quality Assurance Learning Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Society of Quality Assurance Learning Foundation reported income of $164k and spending of $136k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $164k (-8.9%), an average of -8.9% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Society of Quality Assurance Learning Foundation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Mayors Star Council ($164k), Grant County Cybermill ($164k) and Willow Apartments Group Home Incorporated ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 92% of the total. At year end it held assets of $406k against liabilities of $39k, net assets of $367k.