Quality Independence Inc

Analysis

Quality Independence Inc is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Independence Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $716k to $1.0m (+42%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Quality Independence 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 80th percentile within NC. Charities of a similar size with the same main cause include Ryan Shazier Fund for Spinal Rehabilitation ($1.0m), North Carolina Baptist Hospital Foundation ($1.0m) and Michaels Place ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $69k (6.4% of expenses). Other salaries and wages came to $293k. At year end it held assets of $83k against liabilities of $26k, net assets of $56k. It reported 20 employees.