QTM America

Analysis

QTM America is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, QTM America reported income of $250k and spending of $182k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $250k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, QTM America sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Philadelphia Community Outreach Center ($250k), Sigi & David Oblander Ministries Inc ($250k) and American Muslim Today Foundation Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Other salaries and wages came to $19k. At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 3 employees.