Is Quit Doc Research And Educationfoundation Inc Legit?
Quick charity verification for Quit Doc Research And Educationfoundation Inc (EIN: 205935069)
Verdict: Quit Doc Research And Educationfoundation Inc appears trustworthy
92/100Mission Score
$956KRevenue
$1.1MAssets
1Red Flags
4Strengths
Red Flags
Significant decline in revenue from $1.88M in 2020 to $927K in 2023, which could impact future operations if not stabilized.
Strengths
Consistent financial stability with assets over $1 million for many years.
Zero reported officer compensation across all filings, indicating high dedication to mission.
Low liabilities relative to assets, demonstrating strong financial health.
Expenses closely track revenue, suggesting efficient use of funds without excessive accumulation.
AI Transparency Report
Quit Doc Research And Educationfoundation Inc demonstrates consistent financial health with stable assets and revenues over the past decade, though revenue has seen a decline from a peak of $1.88 million in 2020 to $927,128 in 2023. The organization consistently spends nearly all its revenue, with expenses closely tracking income, indicating efficient use of funds rather than significant accumulation. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its mission and a high degree of transparency regarding executive pay. The organization's liabilities are consistently low relative to its assets, indicating a healthy balance sheet. While specific program spending details are not provided in the summary data, the overall financial picture suggests a well-managed entity focused on its operational goals.