Quality Team Corporation

Analysis

Quality Team Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quality Team Corporation reported income of $5.7m and spending of $6.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $5.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quality Team Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Rosenberg Library Association ($5.7m), Community Leadership Academy Inc ($5.7m) and Jefferson Academy ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $234k (3.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.9m against liabilities of $6.7m, net assets of -$4.8m. It reported 49 employees.