Frequent periods where expenses exceed revenue (e.g., 2023, 2020, 2019, 2018, 2017, 2014), potentially indicating reliance on reserves or unsustainable spending patterns.
Consistent reporting of 0% officer compensation for an organization with over $12 million in revenue, which is highly unusual and warrants further investigation into executive remuneration practices.
Significant and growing liabilities, reaching $7,052,346 in 2023, which could indicate substantial debt or other financial obligations.
Strengths
Consistent and substantial revenue growth over the past decade, from $4 million in 2014 to over $12 million in 2023, demonstrating strong fundraising or service delivery capabilities.
Significant growth in assets, from negative in 2014 to over $7.5 million in 2023, indicating increasing financial capacity.
Strong program focus implied by the NTEE code L24 (Mental Health Treatment Facilities), suggesting a clear mission alignment for spending.
Spending Breakdown
How Quantum Leap Incorporated allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Leap Incorporated
Is Quantum Leap Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Quantum Leap Incorporated (EIN: 201924540) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Quantum Leap Incorporated a good charity to donate to?
Quantum Leap Incorporated has a Mission Score of 75/100. Revenue: $13.1M. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quantum Leap Incorporated?
The Employer Identification Number (EIN) for Quantum Leap Incorporated is 201924540. 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 Incorporated spend its money?
Quantum Leap Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quantum Leap Incorporated's tax-exempt status?
You can verify Quantum Leap Incorporated's tax-exempt status using EIN 201924540 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 Incorporated demonstrates consistent growth in revenue and expenses over the past decade, with revenue increasing from $4,036,647 in 2014 to $12,448,383 in 2023. The organization generally operates with expenses closely tracking or slightly exceeding revenue in several periods, such as 2023 where expenses were $12,702,781 against $12,448,383 in revenue, indicating tight financial management or a strategy of reinvesting most income. While assets have grown significantly from negative in 2014 to over $7.5 million in 2023, liabilities have also increased, suggesting reliance on debt or deferred revenue. The consistent reporting of 0% officer compensation across all filings is a notable aspect of their transparency and financial structure, indicating that top leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for complete understanding.
The organization's financial health shows a pattern of expansion, but also periods where expenses outpace revenue, as seen in 2023, 2020, 2019, 2018, 2017, and 2014. This could suggest a strategy of growth investment or a need for more robust fundraising to cover operational costs. The substantial increase in assets from negative $59,791 in 2014 to $7,565,245 in 2023, alongside a corresponding rise in liabilities, indicates significant financial activity and expansion. The absence of reported officer compensation is a strong positive for transparency regarding executive pay, though a deeper dive into other compensation categories would be beneficial to confirm overall executive remuneration practices.