Quality Life Center of Southwest Florida Inc

Analysis

Quality Life Center of Southwest Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Quality Life Center of Southwest Florida Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $1.6m (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quality Life Center of Southwest Florida Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Ashland Development Corp ($1.6m), Destination Caldwell Inc ($1.6m) and Middle Georgia Diversified Industries Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $65k (4.2% of expenses). Other salaries and wages came to $743k. At year end it held assets of $3.7m against liabilities of $299k, net assets of $3.4m. It reported 37 employees.