Quest Scholars Program

Analysis

Quest Scholars Program is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Quest Scholars Program reported income of $11.3m and spending of $10.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $11.3m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quest Scholars Program sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Hatikvah International Academy Charter School ($11.3m), Penn Hills Charter School of Entrepreneurship ($11.3m) and Genesis Innovation Academy Inc ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $320k (3.1% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $21.6m against liabilities of $671k, net assets of $21.0m. It reported 60 employees.