Quick charity verification for Qlarant Foundation Inc (EIN: 200065799)
Verdict: Qlarant Foundation Inc appears trustworthy
92/100Mission Score
$2.5MRevenue
$23.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $5.1M in 2015 to over $20M in 2024.
Remarkably low and stable expenses relative to revenue, indicating strong cost control.
0% reported officer compensation across all filings, suggesting volunteer leadership or high transparency.
Strong financial reserves with assets significantly exceeding liabilities (e.g., $20.6M assets vs. $444K liabilities in 202406).
Positive net income in most years, contributing to asset accumulation.
Spending Breakdown
How Qlarant Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Qlarant Foundation Inc
Is Qlarant Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Qlarant Foundation Inc (EIN: 200065799) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Qlarant Foundation Inc a good charity to donate to?
Qlarant Foundation Inc has a Mission Score of 92/100. Revenue: $2.5M. Assets: $23.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Qlarant Foundation Inc?
The Employer Identification Number (EIN) for Qlarant Foundation Inc is 200065799. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Qlarant Foundation Inc spend its money?
Qlarant Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Qlarant Foundation Inc's tax-exempt status?
You can verify Qlarant Foundation Inc's tax-exempt status using EIN 200065799 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Qlarant Foundation Inc demonstrates a strong financial position with consistently growing assets, reaching $20,679,744 in the 202406 period. The organization's revenue has shown significant fluctuations over the years, peaking at $5,177,315 in 201706 and more recently at $2,225,019 in 202406. Despite these revenue variations, expenses have remained relatively stable and low, typically under $600,000 annually, indicating efficient operational cost management.
The foundation's spending efficiency appears robust, with expenses consistently being a small fraction of its revenue and assets. For instance, in 202406, expenses were only $568,768 against $2,225,019 in revenue. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay and potentially a volunteer-driven leadership structure, which is a positive indicator for donor confidence. The substantial growth in assets, from $5,101,563 in 201506 to over $20 million in 202406, further solidifies its long-term financial health and capacity to fulfill its mission.