Quanta Cares

Analysis

Quanta Cares is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Quanta Cares reported income of $620k and spending of $42k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $620k (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quanta Cares sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Oklahoma Caring Foundation Inc ($620k), Handprints Christian Early Learning Center Inc ($620k) and South County Pregnancy Help Center ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.