Project Quest Inc

Analysis

Project Quest Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover employment, 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 September 2023, Project Quest Inc reported income of $11.6m and spending of $8.7m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $11.6m (+149%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 212%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Quest Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Financial Health Network Inc ($11.6m), The Industrial Commons ($11.7m) and Neighborhood House ($11.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $139k (1.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.0m against liabilities of $1.1m, net assets of $4.9m. It reported 49 employees.