QRS Inc

Analysis

QRS Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, QRS Inc reported income of $70k and spending of $73k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $70k (+7.8%), an average of +7.8% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, QRS Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 34th percentile within SC. Charities of a similar size with the same main cause include Firefighter Ministries Inc ($70k), Options for Living Inc ($70k) and 565 Mayfield Foundation ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $109k against liabilities of $58k, net assets of $50k.