Quality Independence Inc
EIN: 833200873 · Pt Charlotte, FL · NTEE: H99
| Metric | Value |
|---|---|
| Total Revenue | $932K |
| Total Expenses | $1.1M |
| Net Assets | $56K |
Is Quality Independence Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quality Independence Inc
Quality Independence Inc (EIN: 833200873) is a nonprofit organization based in Pt Charlotte, FL, classified under NTEE code H99. The organization reported total revenue of $932K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quality Independence Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-66,159 |
| Total Assets | $83K |
| Total Liabilities | $26K |
| Net Assets | $56K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 31.9% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2023, Quality Independence Inc reported a deficit of $66K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 31.9% (moderate leverage).
Financial Trends
Over 4 years of filings (2020–2023), Quality Independence Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.6% | +66.8% | -50.5% |
| 2022 | +15.3% | +2.6% | +91.1% |
| 2021 | -9.6% | -12.9% | +49.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Quality Independence Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Quality Independence Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.9%.
Frequently Asked Questions about Quality Independence Inc
Is Quality Independence Inc a legitimate charity?
Quality Independence Inc (EIN: 833200873) is a registered tax-exempt nonprofit based in Florida. It has 4 years of IRS 990 filings on record. Total revenue: $932K. No red flags identified. Financial health grade: C.
How does Quality Independence Inc spend its money?
Quality Independence Inc reported $932K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Quality Independence Inc tax-deductible?
Quality Independence Inc is registered as a tax-exempt nonprofit (EIN: 833200873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Quality Independence Inc located?
Quality Independence Inc is headquartered in Pt Charlotte, Florida and files with the IRS under EIN 833200873. It is classified under NTEE code H99.
How many years of IRS 990 filings does Quality Independence Inc have?
Quality Independence Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $932K in total revenue.
Filing History
IRS 990 filing history for Quality Independence Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Quality Independence Inc's revenue has grown by 42.4%, moving from $716K to $1.0M. Total assets increased by 41.8% over the same period, from $58K to $83K. Total functional expenses rose by 49%, from $728K to $1.1M. In its most recent filing year (2023), Quality Independence Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $26K in liabilities against $83K in assets (debt-to-asset ratio: 31.9%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $83K | $26K | — | View 990 |
| 2022 | $746K | $651K | $167K | $46K | — | View 990 |
| 2021 | $647K | $634K | $87K | $62K | — | View 990 |
| 2020 | $716K | $728K | $58K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $83K (revenue +36.6% year-over-year).
- 2022: Revenue of $746K, expenses of $651K, and assets of $167K (revenue +15.3% year-over-year).
- 2021: Revenue of $647K, expenses of $634K, and assets of $87K (revenue -9.6% year-over-year).
- 2020: Revenue of $716K, expenses of $728K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quality Independence Inc:
Data Sources and Methodology
This transparency report for Quality Independence 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.