In-Q-Tel Inc

Analysis

In-Q-Tel Inc is a registered charity in United States, based in MC Lean, VA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, In-Q-Tel Inc reported income of $184.1m and spending of $117.5m, leaving 36% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $118.0m to $184.1m (+56%), an average of +12% a year. The sharpest change came in the year to March 2021, when income rose by 143%. Over the whole period it spent 59% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, In-Q-Tel Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include American Hospital of Paris ($183.0m), Pure Hand for Mankind Inc ($184.9m) and Project Hope - the People-To-People Health Foundation Inc ($182.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $12.2m (10% of expenses). Other salaries and wages came to $37.4m. At year end it held assets of $1.03bn against liabilities of $97.2m, net assets of $930.8m. It reported 237 employees.