QM Quality Matters

Analysis

QM Quality Matters is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 2020, 6 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, QM Quality Matters reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, QM Quality Matters sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Pacific Northwest Ironworkers & Employers Apprenticeship ($6.8m), West Texas Matador Club Inc ($6.8m) and Washington State Charter Schools Association ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $564k (8.2% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.6m against liabilities of $3.5m, net assets of $4.1m. It reported 43 employees.