Qli Family Foundation Inc

Analysis

Qli Family Foundation Inc is a registered charity in United States, based in Roslyn HTS, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Qli Family Foundation Inc reported income of $175k and spending of $1,307, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $354k to $175k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 9.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Qli Family Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Philanthropic Concepts Inc ($175k), Z Krewe Inc ($175k) and Cassar Family Foundation ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.