Quick charity verification for Quantum Health Care Associates Inc (EIN: 208951125)
Verdict: Quantum Health Care Associates Inc appears trustworthy
70/100Mission Score
$1.4MRevenue
$633KAssets
3Red Flags
2Strengths
Red Flags
Significant financial deficit in 2023 ($552,474)
Substantial decline in assets from $814,806 in 2022 to $91,419 in 2023
Expenses ($5,516,761) exceeded revenue ($4,964,287) in 2023
Strengths
No officer compensation reported (0% in both periods), indicating efficient use of funds for leadership costs.
Strong revenue generation in 2022 ($5,810,355).
Spending Breakdown
How Quantum Health Care Associates Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Quantum Health Care Associates Inc
Is Quantum Health Care Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quantum Health Care Associates Inc (EIN: 208951125) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
Is Quantum Health Care Associates Inc a good charity to donate to?
Quantum Health Care Associates Inc has a Mission Score of 70/100. Revenue: $1.4M. Assets: $633K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quantum Health Care Associates Inc?
The Employer Identification Number (EIN) for Quantum Health Care Associates Inc is 208951125. 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 Quantum Health Care Associates Inc spend its money?
Quantum Health Care Associates Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quantum Health Care Associates Inc's tax-exempt status?
You can verify Quantum Health Care Associates Inc's tax-exempt status using EIN 208951125 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
Quantum Health Care Associates Inc demonstrates a fluctuating financial picture over the past two reported periods. In 2022, the organization reported a healthy surplus with revenues of $5,810,355 exceeding expenses of $5,192,502. However, the 2023 filing shows a significant deficit, with expenses of $5,516,761 surpassing revenues of $4,964,287. This shift from a surplus to a deficit, coupled with a substantial decrease in assets from $814,806 in 2022 to $91,419 in 2023, warrants closer examination of their financial management and sustainability. The organization reports 0% officer compensation in both periods, which is a positive indicator for resource allocation directly to mission-related activities. However, the lack of detailed expense breakdowns in the provided data limits a full assessment of spending efficiency across programs, administration, and fundraising.