Qme Place Inc

Analysis

Qme Place Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qme Place Inc reported income of $167k and spending of $167k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $167k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Qme Place Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Sierra Madre Community Foundation ($167k), American Friends of Tiferet Shlomo Boys Orphanage Inc ($167k) and Mesivta Nezer Hatalmud Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $154k against liabilities of $133k, net assets of $20k.