MQ Foundation Inc

Analysis

MQ Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, MQ Foundation Inc reported income of $973k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $973k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MQ Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Health Markets Policy Network ($973k), R3-Rehabilitation Restoration and Respite Inc ($973k) and Lorain County Free Clinic Inc ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $327k (25% of expenses). Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $768k, net assets of $574k. It reported 2 employees.