QMC School

Analysis

QMC School is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, QMC School reported income of $63k and spending of $65k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $63k (-51%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, QMC School sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Onondaga County Public Library ($63k), Brandeis Broncos Athletic Booster Club ($63k) and Environment News Trust ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $1 against liabilities of $18k, net assets of -$18k.