Is Quantum Leap Health Carecollaborative…

Quick charity verification for Quantum Leap Health Carecollaborative (EIN: 204284925)

Spending Breakdown

How Quantum Leap Health Carecollaborative allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Leap Health Carecollaborative

Is Quantum Leap Health Carecollaborative a legitimate charity?

Based on AI analysis of IRS 990 filings, Quantum Leap Health Carecollaborative (EIN: 204284925) appears trustworthy. Mission Score: 92/100. 3 red flags identified, 4 strengths noted.

Is Quantum Leap Health Carecollaborative a good charity to donate to?

Quantum Leap Health Carecollaborative has a Mission Score of 92/100. Revenue: $123.8M. Assets: $40.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Quantum Leap Health Carecollaborative?

The Employer Identification Number (EIN) for Quantum Leap Health Carecollaborative is 204284925. 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 Leap Health Carecollaborative spend its money?

Quantum Leap Health Carecollaborative allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Quantum Leap Health Carecollaborative's tax-exempt status?

You can verify Quantum Leap Health Carecollaborative's tax-exempt status using EIN 204284925 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 Leap Health Carecollaborative demonstrates a generally sound financial position, with significant revenue growth over the past decade, culminating in a latest reported revenue of $123,751,223. The organization has consistently maintained a healthy asset base, with assets of $40,228,761 in the latest period, although there was a notable decrease in assets from $58,201,960 in 2023 to the current figure. This could indicate significant spending or investment activities. The organization's spending efficiency appears strong, as evidenced by its consistent program spending focus and the absence of reported officer compensation, which enhances its transparency and public trust.

While the organization has shown strong revenue growth, it's important to note the recent trend where expenses have sometimes exceeded revenue, such as in 2023 where expenses were $47,759,442 against revenue of $45,147,899. This indicates a slight operating deficit in that specific year. However, the overall financial trajectory, especially the substantial increase in total revenue to $123,751,223, suggests a robust capacity for funding its mission. The consistent reporting of zero officer compensation across all available filings is a significant positive indicator of financial transparency and a commitment to directing resources towards programmatic activities.

Is Quantum Leap Health Carecollaborative Legit?

Verdict: Quantum Leap Health Carecollaborative appears trustworthy

Red Flags

Strengths