Product Quality Research Institute Inc

Analysis

Product Quality Research Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Product Quality Research Institute Inc reported income of $325k and spending of $276k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $325k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Product Quality Research Institute Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Marimed Foundation for Island Health Care Training ($325k), Hospital Authority of Marion County ($325k) and Mental Health Association in Morgan County ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. At year end it held assets of $387k against liabilities of $126k, net assets of $260k.