Qsac Inc
Qsac Inc shows consistent revenue growth and positive net income over the past decade.
EIN: 112482974 · New York, NY · NTEE: G84Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104.0M |
| Total Expenses | $97.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $99 |
| Net Assets | $15.4M |
| Transparency Score | 85/100 |
Is Qsac Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Qsac Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Qsac Inc
Qsac Inc (EIN: 112482974) is a nonprofit organization based in New York, NY, classified under NTEE code G84Z. The organization reported total revenue of $104.0M and total assets of $87.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Qsac Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Qsac Inc is a major nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99.3M |
| Total Expenses | $97.5M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $76.2M |
| Total Liabilities | $60.7M |
| Net Assets | $15.4M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 79.7% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Qsac Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 79.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Qsac Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +6.6% | -2.3% |
| 2022 | +17.7% | +15.7% | -6.2% |
| 2021 | -7.8% | -7.6% | +88.8% |
| 2020 | -2.4% | -2.4% | +14.5% |
| 2019 | +10.1% | +10.5% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Qsac Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Qsac Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
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: 79.7%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation for all listed periods, which is unusual for an organization of Qsac Inc's size with over $99 million in annual revenue. This suggests that executive compensation might be reported under different expense categories or that officers are uncompensated, requiring further scrutiny of the full 990 forms for clarity.
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.
Red Flags
The following concerns were identified during AI analysis of Qsac Inc's IRS 990 filings:
- Officer compensation reported as 0% across all periods for an organization of this size, which may indicate compensation is categorized elsewhere or not fully disclosed in summary data.
Strengths
The following positive indicators were identified for Qsac Inc:
- Consistent and significant revenue growth over a decade, from $49M in 2014 to $99M in 2023.
- Maintained positive net income (revenue exceeding expenses) in most filing periods, indicating financial prudence.
- Substantial growth in assets, from $25M in 2014 to $76M in 2023, strengthening its financial foundation.
- Expenses closely track revenue, suggesting efficient resource utilization and operational management.
Frequently Asked Questions about Qsac Inc
Is Qsac Inc a legitimate charity?
Qsac Inc (EIN: 112482974) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $104.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Qsac Inc spend its money?
Qsac Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Qsac Inc tax-deductible?
Qsac Inc is registered as a tax-exempt nonprofit (EIN: 112482974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Qsac Inc CEO make?
Qsac Inc's highest-compensated officer earns $99 annually. The organization reported $104.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Qsac Inc's spending goes to programs?
Qsac Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Qsac Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Qsac Inc is above average for NTEE category G84Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Qsac Inc located?
Qsac Inc is headquartered in New York, New York and files with the IRS under EIN 112482974. It is classified under NTEE code G84Z.
How many years of IRS 990 filings does Qsac Inc have?
Qsac Inc has 13 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 $104.0M in total revenue.
Is Qsac Inc a good charity?
Based on its consistent financial growth, positive net income, and substantial asset base, Qsac Inc appears to be a financially sound organization. The lack of reported officer compensation in the summary data is a point for further investigation, but overall financial health suggests effective management.
How has Qsac Inc's revenue grown over time?
Qsac Inc has demonstrated significant revenue growth, increasing from $49,025,523 in 2014 to $99,252,205 in 2023, nearly doubling its revenue in a decade.
What is Qsac Inc's financial stability?
Qsac Inc exhibits strong financial stability, consistently generating more revenue than expenses and growing its assets from $25,033,934 in 2014 to $76,183,997 in 2023, indicating a healthy financial position.
Filing History
IRS 990 filing history for Qsac Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Qsac Inc's revenue has grown by 169.3%, moving from $36.9M to $99.3M. Total assets increased by 339.1% over the same period, from $17.3M to $76.2M. Total functional expenses rose by 170.8%, from $36.0M to $97.5M. In its most recent filing year (2023), Qsac Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $60.7M in liabilities against $76.2M in assets (debt-to-asset ratio: 79.7%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99.3M | $97.5M | $76.2M | $60.7M | — | View 990 |
| 2022 | $93.7M | $91.5M | $77.9M | $64.2M | — | View 990 |
| 2021 | $79.6M | $79.0M | $83.1M | $70.3M | — | View 990 |
| 2020 | $86.3M | $85.6M | $44.0M | $33.1M | — | View 990 |
| 2019 | $88.5M | $87.6M | $38.5M | $28.3M | — | View 990 |
| 2018 | $80.4M | $79.3M | $36.0M | $26.8M | — | View 990 |
| 2017 | $76.1M | $74.8M | $32.7M | $24.5M | — | View 990 |
| 2016 | $69.2M | $67.7M | $30.9M | $24.1M | — | View 990 |
| 2015 | $58.0M | $57.8M | $29.4M | $24.0M | — | View 990 |
| 2014 | $49.0M | $47.3M | $25.0M | $20.4M | — | View 990 |
| 2013 | $43.5M | $43.3M | $25.2M | $22.2M | — | View 990 |
| 2012 | $37.4M | $37.1M | $17.5M | $14.8M | — | View 990 |
| 2011 | $36.9M | $36.0M | $17.3M | $15.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99.3M, expenses of $97.5M, and assets of $76.2M (revenue +5.9% year-over-year).
- 2022: Revenue of $93.7M, expenses of $91.5M, and assets of $77.9M (revenue +17.7% year-over-year).
- 2021: Revenue of $79.6M, expenses of $79.0M, and assets of $83.1M (revenue -7.8% year-over-year).
- 2020: Revenue of $86.3M, expenses of $85.6M, and assets of $44.0M (revenue -2.4% year-over-year).
- 2019: Revenue of $88.5M, expenses of $87.6M, and assets of $38.5M (revenue +10.1% year-over-year).
- 2018: Revenue of $80.4M, expenses of $79.3M, and assets of $36.0M (revenue +5.6% year-over-year).
- 2017: Revenue of $76.1M, expenses of $74.8M, and assets of $32.7M (revenue +10.1% year-over-year).
- 2016: Revenue of $69.2M, expenses of $67.7M, and assets of $30.9M (revenue +19.2% year-over-year).
- 2015: Revenue of $58.0M, expenses of $57.8M, and assets of $29.4M (revenue +18.4% year-over-year).
- 2014: Revenue of $49.0M, expenses of $47.3M, and assets of $25.0M (revenue +12.6% year-over-year).
- 2013: Revenue of $43.5M, expenses of $43.3M, and assets of $25.2M (revenue +16.3% year-over-year).
- 2012: Revenue of $37.4M, expenses of $37.1M, and assets of $17.5M (revenue +1.5% year-over-year).
- 2011: Revenue of $36.9M, expenses of $36.0M, and assets of $17.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Qsac Inc:
Data Sources and Methodology
This transparency report for Qsac 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.