Quality Education Institute of Durham Inc Q E I D

Analysis

Quality Education Institute of Durham Inc Q E I D is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2016, 10 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 December 2019, Quality Education Institute of Durham Inc Q E I D reported income of $1.1m and spending of $1.1m, spending 105% of what it took in. Across the 2 years on record, from December 2018 to December 2019, income grew from $1.0m to $1.1m (+1.4%), an average of +1.4% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quality Education Institute of Durham Inc Q E I D sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Seeds of Change ($1.1m), Latinx Education Center ($1.1m) and Todos Juntos Learning Center ($1.1m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $371k (33% of expenses). Other salaries and wages came to $420k. At year end it held assets of $124k against liabilities of $0, net assets of $124k. It reported 41 employees.