Qlarant Foundation Inc
Qlarant Foundation Inc maintains strong asset growth and low expenses with zero reported officer compensation.
EIN: 200065799 · Easton, MD · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $569K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $20.2M |
| Transparency Score | 92/100 |
Is Qlarant Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Qlarant Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Qlarant Foundation Inc
Qlarant Foundation Inc (EIN: 200065799) is a nonprofit organization based in Easton, MD, classified under NTEE code E12. The organization reported total revenue of $2.5M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Qlarant Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Qlarant Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $569K |
| Surplus / Deficit | +$1.7M |
| Total Assets | $20.7M |
| Total Liabilities | $444K |
| Net Assets | $20.2M |
| Operating Margin | 74.4% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 436.3 months |
Financial Health Grade: A
In 2024, Qlarant Foundation Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 436.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Qlarant Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +43.0% | -5.1% | +18.1% |
| 2023 | +138.6% | +7.7% | +12.5% |
| 2022 | -21.3% | -4.7% | -14.0% |
| 2021 | -18.2% | +30.5% | +36.9% |
| 2020 | -33.1% | -11.6% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Qlarant Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Qlarant Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Qlarant Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through an affiliated entity not reflected in these specific disclosures. This practice, if truly volunteer-based, is highly commendable for a nonprofit of its size with assets exceeding $20 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Qlarant Foundation Inc:
- Consistent asset growth, from $5.1M in 2015 to over $20M in 2024.
- Remarkably low and stable expenses relative to revenue, indicating strong cost control.
- 0% reported officer compensation across all filings, suggesting volunteer leadership or high transparency.
- Strong financial reserves with assets significantly exceeding liabilities (e.g., $20.6M assets vs. $444K liabilities in 202406).
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Qlarant Foundation Inc
Is Qlarant Foundation Inc a legitimate charity?
Qlarant Foundation Inc (EIN: 200065799) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Qlarant Foundation Inc spend its money?
Qlarant Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Qlarant Foundation Inc tax-deductible?
Qlarant Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200065799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Qlarant Foundation Inc CEO make?
Qlarant Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Qlarant Foundation Inc's spending goes to programs?
Qlarant Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Qlarant Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Qlarant Foundation Inc is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Qlarant Foundation Inc located?
Qlarant Foundation Inc is headquartered in Easton, Maryland and files with the IRS under EIN 200065799. It is classified under NTEE code E12.
How many years of IRS 990 filings does Qlarant Foundation Inc have?
Qlarant Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
Is Qlarant Foundation Inc a good charity?
Based on the provided data, Qlarant Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, low and stable expenses relative to revenue, and a consistent report of 0% officer compensation, suggesting high efficiency and transparency.
How has Qlarant Foundation Inc's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $5,101,563 in 201506 to $20,679,744 in 202406. Revenue has fluctuated but generally trended upwards, while expenses have remained consistently low, indicating strong financial management.
What is the trend in Qlarant Foundation Inc's revenue and expenses?
Revenue has seen considerable year-to-year variation, from a low of $521,341 in 201506 to a high of $5,177,315 in 201706, and most recently $2,225,019 in 202406. In contrast, expenses have been remarkably stable and low, typically ranging between $447,443 and $599,408 annually, demonstrating excellent cost control.
Filing History
IRS 990 filing history for Qlarant Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Qlarant Foundation Inc's revenue has grown by 112.2%, moving from $1.0M to $2.2M. Total assets increased by 718.2% over the same period, from $2.5M to $20.7M. Total functional expenses rose by 34.9%, from $422K to $569K. In its most recent filing year (2024), Qlarant Foundation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $444K in liabilities against $20.7M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $20.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $569K | $20.7M | $444K | — | View 990 |
| 2023 | $1.6M | $599K | $17.5M | $442K | — | View 990 |
| 2022 | $652K | $557K | $15.6M | $530K | — | View 990 |
| 2021 | $829K | $584K | $18.1M | $546K | — | View 990 |
| 2020 | $1.0M | $447K | $13.2M | $419K | — | View 990 |
| 2019 | $1.5M | $506K | $13.5M | $486K | — | View 990 |
| 2018 | $1.8M | $479K | $12.6M | $504K | — | View 990 |
| 2017 | $5.2M | $459K | $10.6M | $511K | — | View 990 |
| 2016 | $1.1M | $497K | $5.6M | $506K | — | View 990 |
| 2015 | $521K | $489K | $5.1M | $560K | — | View 990 |
| 2014 | $1.8M | $675K | $5.3M | $531K | — | View 990 |
| 2013 | $1.7M | $412K | $3.9M | $462K | — | View 990 |
| 2012 | $473K | $447K | $2.5M | $478K | — | View 990 |
| 2011 | $1.0M | $422K | $2.5M | $458K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $569K, and assets of $20.7M (revenue +43.0% year-over-year).
- 2023: Revenue of $1.6M, expenses of $599K, and assets of $17.5M (revenue +138.6% year-over-year).
- 2022: Revenue of $652K, expenses of $557K, and assets of $15.6M (revenue -21.3% year-over-year).
- 2021: Revenue of $829K, expenses of $584K, and assets of $18.1M (revenue -18.2% year-over-year).
- 2020: Revenue of $1.0M, expenses of $447K, and assets of $13.2M (revenue -33.1% year-over-year).
- 2019: Revenue of $1.5M, expenses of $506K, and assets of $13.5M (revenue -17.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $479K, and assets of $12.6M (revenue -64.6% year-over-year).
- 2017: Revenue of $5.2M, expenses of $459K, and assets of $10.6M (revenue +359.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $497K, and assets of $5.6M (revenue +116.1% year-over-year).
- 2015: Revenue of $521K, expenses of $489K, and assets of $5.1M (revenue -70.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $675K, and assets of $5.3M (revenue +3.4% year-over-year).
- 2013: Revenue of $1.7M, expenses of $412K, and assets of $3.9M (revenue +258.0% year-over-year).
- 2012: Revenue of $473K, expenses of $447K, and assets of $2.5M (revenue -54.9% year-over-year).
- 2011: Revenue of $1.0M, expenses of $422K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Qlarant Foundation Inc:
Data Sources and Methodology
This transparency report for Qlarant Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.