Quality Life Concepts Inc

Analysis

Quality Life Concepts Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in October 1979, 47 years ago. 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 Concepts Inc reported income of $6.0m and spending of $5.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.1m to $6.0m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality Life Concepts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MT. Charities of a similar size with the same main cause include Special Olympics North Carolina Inc ($6.0m), Greater Green Bay Habitat for Humanity ($6.0m) and Covenant House Georgia Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $95k (1.7% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $9.7m against liabilities of $1.3m, net assets of $8.4m. It reported 165 employees.