Carequality Inc

Analysis

Carequality Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, 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, Carequality Inc reported income of $3.5m and spending of $2.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.5m (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carequality Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Citycare Counseling Inc ($3.5m), 1800 Harrison Foundation ($3.5m) and CMT Research Foundation Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $5.0m against liabilities of $977k, net assets of $4.0m.