Quantum House Inc

Analysis

Quantum House Inc is a registered charity in United States, based in Mangonia Park, FL. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Quantum House Inc reported income of $3.1m and spending of $2.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.1m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quantum House Inc 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 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Achieva ($3.1m), Fourfront Contributor ($3.1m) and Jacobs Heart Childrens Cancer Support Services ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $291k (10% of expenses). Other salaries and wages came to $472k. At year end it held assets of $12.9m against liabilities of $1.4m, net assets of $11.5m. It reported 21 employees.