Qualia Research Institute
Analysis
Qualia Research Institute is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Qualia Research Institute reported income of $285k and spending of $354k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $608k to $285k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 82% of the income it received.
Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Qualia Research Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include King Sejong Institute Center USA ($285k), Miami Hoshuko Inc ($285k) and Sophia S Choice ($285k).
On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $155k (44% of expenses). At year end it held assets of $261k against liabilities of $0, net assets of $261k. It reported 4 employees.
Income and spending
Where the income comes from
- Contributions & grants 66%
- Program services 34%
- Other 0.0%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| King Sejong Institute Center USA | Los Angeles | $285k |
| Miami Hoshuko Inc | Miami | $285k |
| Sophia S Choice | Chicago | $285k |
| Local Cloth Inc | Asheville | $285k |