Quality Lifestyle Service Inc
Quality Lifestyle Service Inc maintains strong financial health with growing assets and zero liabilities in its latest filing.
EIN: 20559682 · Chattanooga, TN · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $470K |
| Total Expenses | $296K |
| Program Spending | 85% |
| Net Assets | $573K |
| Transparency Score | 85/100 |
Is Quality Lifestyle Service Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quality Lifestyle Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quality Lifestyle Service Inc
Quality Lifestyle Service Inc (EIN: 20559682) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code F33. The organization reported total revenue of $470K and total assets of $623K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality Lifestyle Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quality Lifestyle Service Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $337K |
| Total Expenses | $296K |
| Surplus / Deficit | +$41K |
| Total Assets | $573K |
| Net Assets | $573K |
| Operating Margin | 12.2% |
| Months of Reserves | 23.2 months |
Financial Health Grade: A
In 2023, Quality Lifestyle Service Inc reported a surplus of $41K with revenue exceeding expenses, holds 23.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Quality Lifestyle Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | -9.4% | +3.3% |
| 2022 | -21.6% | -22.4% | +0.1% |
| 2021 | +15.4% | +17.4% | -0.8% |
| 2020 | +6.9% | +6.0% | +0.6% |
| 2019 | -1.3% | -2.0% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Quality Lifestyle Service 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, Quality Lifestyle Service 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 $41K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, including the latest period (202312), which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990 summary.
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 Quality Lifestyle Service Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in provided summary makes precise efficiency assessment difficult.
- No reported officer compensation across all filings, which, while potentially positive, could also indicate compensation is structured in a less transparent manner or that the organization relies heavily on unpaid leadership, which might not be sustainable long-term for growth.
Strengths
The following positive indicators were identified for Quality Lifestyle Service Inc:
- Consistent financial surpluses, such as $41,093 in 202312 ($337,065 revenue - $295,972 expenses).
- Growing asset base, increasing from $140,055 in 2016 to $573,372 in 2023.
- Zero reported liabilities in the latest filing (202312), indicating strong financial health and no debt.
- No reported officer compensation across all filings, suggesting a high dedication to mission and efficient use of funds.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Quality Lifestyle Service Inc
Is Quality Lifestyle Service Inc a legitimate charity?
Quality Lifestyle Service Inc (EIN: 20559682) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $470K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Quality Lifestyle Service Inc spend its money?
Quality Lifestyle Service Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Quality Lifestyle Service Inc tax-deductible?
Quality Lifestyle Service Inc is registered as a tax-exempt nonprofit (EIN: 20559682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quality Lifestyle Service Inc's spending goes to programs?
Quality Lifestyle Service Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quality Lifestyle Service Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Quality Lifestyle Service Inc is above average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quality Lifestyle Service Inc located?
Quality Lifestyle Service Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 20559682. It is classified under NTEE code F33.
How many years of IRS 990 filings does Quality Lifestyle Service Inc have?
Quality Lifestyle Service 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 $470K in total revenue.
Is Quality Lifestyle Service Inc a good charity?
Based on the provided financial data, Quality Lifestyle Service Inc appears to be a financially sound organization with consistent revenue, growing assets, and no reported liabilities in its latest filing. The absence of officer compensation is a strong positive indicator for mission focus. However, a full assessment would require reviewing the detailed program expenses from the complete 990 forms.
How does Quality Lifestyle Service Inc manage its finances?
The organization demonstrates strong financial management, consistently operating with surpluses (e.g., $337,065 revenue vs. $295,972 expenses in 202312) and accumulating assets, which grew from $140,055 in 2016 to $573,372 in 2023. Notably, it reported zero liabilities in its most recent filing, indicating excellent debt management.
What is the trend in Quality Lifestyle Service Inc's revenue and expenses?
Quality Lifestyle Service Inc has shown a positive trend in both revenue and expenses, indicating growth. Revenue has increased significantly from around $100,000 in 2014-2016 to over $300,000 in recent years, reaching $337,065 in 202312. Expenses have grown proportionally, with the organization consistently maintaining a surplus.
Filing History
IRS 990 filing history for Quality Lifestyle Service Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quality Lifestyle Service Inc's revenue has grown by 377.7%, moving from $71K to $337K. Total assets increased by 397.8% over the same period, from $115K to $573K. Total functional expenses rose by 348.4%, from $66K to $296K. In its most recent filing year (2023), Quality Lifestyle Service Inc reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $337K | $296K | $573K | $0 | — | — |
| 2022 | $330K | $327K | $555K | $23K | — | View 990 |
| 2021 | $421K | $421K | $554K | $25K | — | View 990 |
| 2020 | $364K | $358K | $559K | $30K | — | View 990 |
| 2019 | $341K | $338K | $556K | $33K | — | View 990 |
| 2018 | $346K | $345K | $554K | $34K | — | View 990 |
| 2017 | $193K | $193K | $556K | $36K | — | View 990 |
| 2016 | $103K | $103K | $140K | $37K | — | View 990 |
| 2015 | $102K | $101K | $140K | $38K | — | View 990 |
| 2014 | $102K | $101K | $140K | $39K | — | View 990 |
| 2013 | $84K | $82K | $111K | $11K | — | View 990 |
| 2012 | $83K | $80K | $110K | $13K | — | View 990 |
| 2011 | $71K | $66K | $115K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $337K, expenses of $296K, and assets of $573K (revenue +2.2% year-over-year).
- 2022: Revenue of $330K, expenses of $327K, and assets of $555K (revenue -21.6% year-over-year).
- 2021: Revenue of $421K, expenses of $421K, and assets of $554K (revenue +15.4% year-over-year).
- 2020: Revenue of $364K, expenses of $358K, and assets of $559K (revenue +6.9% year-over-year).
- 2019: Revenue of $341K, expenses of $338K, and assets of $556K (revenue -1.3% year-over-year).
- 2018: Revenue of $346K, expenses of $345K, and assets of $554K (revenue +78.8% year-over-year).
- 2017: Revenue of $193K, expenses of $193K, and assets of $556K (revenue +87.9% year-over-year).
- 2016: Revenue of $103K, expenses of $103K, and assets of $140K (revenue +0.9% year-over-year).
- 2015: Revenue of $102K, expenses of $101K, and assets of $140K (revenue -0.2% year-over-year).
- 2014: Revenue of $102K, expenses of $101K, and assets of $140K (revenue +21.2% year-over-year).
- 2013: Revenue of $84K, expenses of $82K, and assets of $111K (revenue +2.2% year-over-year).
- 2012: Revenue of $83K, expenses of $80K, and assets of $110K (revenue +16.9% year-over-year).
- 2011: Revenue of $71K, expenses of $66K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quality Lifestyle Service Inc:
Data Sources and Methodology
This transparency report for Quality Lifestyle Service 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.