Quality of Life Inc

Analysis

Quality of Life Inc is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quality of Life Inc reported income of $334k and spending of $275k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $334k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quality of Life Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Harvest Hills Inc ($334k), Middle Georgia Aquatics Inc ($334k) and National Association of Latino Credit Unions & Professionals Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.