Quilters Unlimited

Analysis

Quilters Unlimited is a registered charity in United States, based in Merrifield, VA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Quilters Unlimited reported income of $177k and spending of $184k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $346k to $177k (-49%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quilters Unlimited sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Or Lezion Inc ($177k), West Michigan Friendship Center ($177k) and Hearten Haiti Project Inc ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 51% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.