Quantum Leap Farm Inc

Analysis

Quantum Leap Farm Inc is a registered charity in United States, based in Odessa, FL. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quantum Leap Farm Inc reported income of $4.5m and spending of $1.5m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $4.5m (+278%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 162%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quantum Leap Farm Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include St Barnabas Land Trust Inc ($4.5m), Community Health Clinic Inc ($4.5m) and Ebony House Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $204k (14% of expenses). Other salaries and wages came to $550k. At year end it held assets of $4.2m against liabilities of $181k, net assets of $4.0m. It reported 19 employees.