Quality Education Foundation Inc

Analysis

Quality Education Foundation Inc is a registered charity in United States, based in Hephzibah, GA. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Quality Education Foundation Inc reported income of $1.9m and spending of $536k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income grew from $548k to $1.9m (+250%), an average of +250% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quality Education Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Battle Born Academy Inc ($1.9m), Innerwill ($1.9m) and Friends of Srims Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 18% of the total. Other salaries and wages came to $174k. At year end it held assets of $12.4m against liabilities of $7.8m, net assets of $4.6m. It reported 8 employees.