Quick charity verification for Quality Independent Living Corp (EIN: 222846727)
Verdict: Quality Independent Living Corp shows mixed signals
60/100Mission Score
$367KRevenue
$183KAssets
4Red Flags
2Strengths
Red Flags
Total liabilities consistently exceed total assets by a significant margin (e.g., $841,017 liabilities vs $207,304 assets in 2023), raising concerns about long-term solvency.
Expenses frequently surpass revenue, leading to recurring net losses (e.g., $348,033 expenses vs $362,103 revenue in 2023, but $338,670 expenses vs $333,566 revenue in 2022).
Assets have shown a consistent decline over the years, from $442,270 in 2016 to $207,304 in 2023.
The organization's net assets (assets minus liabilities) are deeply negative and have been for many years, indicating a substantial deficit.
Strengths
The organization has maintained consistent revenue generation over several years, indicating a stable base of support or activity.
Despite financial challenges, the organization has continued to operate for many years, suggesting resilience and commitment to its mission.
AI Transparency Report
Quality Independent Living Corp is a unknown nonprofit based in Audubon, New Jersey, with reported revenue of $367K and assets of $183K. Our AI analysis assigns a Mission Score of 60/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is reported as 0% in all available filings, suggesting either an all-volunteer leadership or that compensation details are not fully disclosed in the provided data. Revenue has grown +18% across 13 filing periods.