Quality Growth Institute Inc

Analysis

Quality Growth Institute Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 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 (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 Growth Institute Inc reported income of $192k and spending of $117k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $348k to $192k (-45%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quality Growth Institute Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Downtown Canandaigua Business Management Assoc Inc ($192k), Lemmon Area Charitable and Economic Development Corporation ($192k) and Jcfamilies Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 139% of the total. Compensation of current officers, directors and key employees was $32k (27% of expenses). Other salaries and wages came to $59k. At year end it held assets of $608k against liabilities of $0, net assets of $608k. It reported 3 employees.