Quantum Leap Health Carecollaborative
Quantum Leap Health Carecollaborative shows strong revenue growth and zero reported officer compensation, despite recent operating deficits.
EIN: 204284925 · San Francisco, CA · NTEE: P20 · Updated: 2026-03-28
Is Quantum Leap Health Carecollaborative Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quantum Leap Health Carecollaborative directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quantum Leap Health Carecollaborative
Quantum Leap Health Carecollaborative (EIN: 204284925) is a nonprofit organization based in San Francisco, CA, classified under NTEE code P20. The organization reported total revenue of $123.8M and total assets of $40.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quantum Leap Health Carecollaborative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quantum Leap Health Carecollaborative is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45.1M |
| Total Expenses | $47.8M |
| Surplus / Deficit | $-2,611,543 |
| Total Assets | $58.2M |
| Total Liabilities | $29.4M |
| Net Assets | $28.8M |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 50.5% |
| Months of Reserves | 14.6 months |
Financial Health Grade: C
In 2023, Quantum Leap Health Carecollaborative reported a deficit of $2.6M with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 50.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quantum Leap Health Carecollaborative's revenue has grown at a compound annual growth rate (CAGR) of 31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.5% | +1.1% | -4.5% |
| 2022 | -15.8% | +8.0% | -5.5% |
| 2021 | +37.0% | +85.8% | +38.0% |
| 2020 | +171.5% | +60.9% | +180.0% |
| 2019 | +21.2% | +24.9% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Quantum Leap Health Carecollaborative 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Quantum Leap Health Carecollaborative allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.5%.
Executive Compensation Analysis
Quantum Leap Health Carecollaborative consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with latest revenue of $123,751,223. This suggests either a volunteer leadership model or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 Quantum Leap Health Carecollaborative's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses exceeded revenue by over $2.6 million).
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual leadership costs if categorized elsewhere.
- Significant decrease in assets from $58,201,960 in 2023 to $40,228,761 in the latest period without immediate explanation.
Strengths
The following positive indicators were identified for Quantum Leap Health Carecollaborative:
- Strong program spending focus, indicated by the high mission score and implied allocation of resources.
- Exceptional revenue growth over the past decade, from $2,241,657 in 2014 to $123,751,223 currently.
- Consistent reporting of zero officer compensation, suggesting a commitment to directing funds to mission.
- Healthy asset base, with $40,228,761 in the latest period, providing financial stability.
Frequently Asked Questions about Quantum Leap Health Carecollaborative
Is Quantum Leap Health Carecollaborative a legitimate charity?
Based on AI analysis of IRS 990 filings, Quantum Leap Health Carecollaborative (EIN: 204284925) some concerns. Mission Score: 92/100. 3 red flags identified, 4 strengths noted.
How does Quantum Leap Health Carecollaborative spend its money?
Quantum Leap Health Carecollaborative directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quantum Leap Health Carecollaborative tax-deductible?
Quantum Leap Health Carecollaborative is registered as a tax-exempt nonprofit (EIN: 204284925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Quantum Leap Health Carecollaborative a good charity?
Based on the available IRS 990 data, Quantum Leap Health Carecollaborative appears to be a good charity. It demonstrates strong program focus, consistent revenue growth, and notably reports zero officer compensation, suggesting a high dedication of funds to its mission. However, recent operating deficits in some years (e.g., 2023) warrant monitoring.
Why is officer compensation reported as 0% for an organization with over $123 million in revenue?
The consistent reporting of 0% officer compensation across all filings for an organization of this scale is highly unusual. It could indicate that leadership serves on a volunteer basis, or that compensation for key personnel is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms for clarification.
What caused the significant drop in assets from $58,201,960 in 2023 to $40,228,761 in the latest period?
The substantial decrease in assets could be due to several factors, including significant capital expenditures, repayment of liabilities, or a reclassification of assets. Without more detailed financial statements, the exact cause cannot be determined, but it's a point for further inquiry.
Has the organization been financially stable given some years with expenses exceeding revenue?
While there have been years where expenses exceeded revenue (e.g., 2023 with expenses of $47,759,442 vs. revenue of $45,147,899), the organization's overall financial health appears stable, especially considering its substantial asset base and significant revenue growth over the long term. The latest reported revenue of $123,751,223 indicates a strong capacity to cover operational costs.
Filing History
IRS 990 filing history for Quantum Leap Health Carecollaborative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quantum Leap Health Carecollaborative's revenue has grown by 2495.6%, moving from $1.7M to $45.1M. Total assets increased by 8326.7% over the same period, from $691K to $58.2M. Total functional expenses rose by 2734.6%, from $1.7M to $47.8M. In its most recent filing year (2023), Quantum Leap Health Carecollaborative reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $29.4M in liabilities against $58.2M in assets (debt-to-asset ratio: 50.5%), resulting in net assets of $28.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45.1M | $47.8M | $58.2M | $29.4M | — | — |
| 2022 | $47.3M | $47.2M | $60.9M | $30.9M | — | View 990 |
| 2021 | $56.1M | $43.8M | $64.4M | $33.8M | — | View 990 |
| 2020 | $41.0M | $23.6M | $46.7M | $28.5M | — | View 990 |
| 2019 | $15.1M | $14.6M | $16.7M | $15.9M | — | — |
| 2018 | $12.4M | $11.7M | $13.6M | $13.1M | — | View 990 |
| 2017 | $12.5M | $10.6M | $11.1M | $11.3M | — | View 990 |
| 2016 | $11.4M | $8.3M | $8.4M | $10.5M | — | View 990 |
| 2015 | $9.1M | $13.7M | $6.5M | $11.2M | — | View 990 |
| 2014 | $2.2M | $10.3M | $5.2M | $5.3M | — | View 990 |
| 2013 | $6.3M | $1.4M | $8.3M | $338K | — | View 990 |
| 2012 | $1.8M | $1.4M | $1.1M | $35K | — | View 990 |
| 2011 | $1.7M | $1.7M | $691K | $68K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.1M, expenses of $47.8M, and assets of $58.2M (revenue -4.5% year-over-year).
- 2022: Revenue of $47.3M, expenses of $47.2M, and assets of $60.9M (revenue -15.8% year-over-year).
- 2021: Revenue of $56.1M, expenses of $43.8M, and assets of $64.4M (revenue +37.0% year-over-year).
- 2020: Revenue of $41.0M, expenses of $23.6M, and assets of $46.7M (revenue +171.5% year-over-year).
- 2019: Revenue of $15.1M, expenses of $14.6M, and assets of $16.7M (revenue +21.2% year-over-year).
- 2018: Revenue of $12.4M, expenses of $11.7M, and assets of $13.6M (revenue -0.4% year-over-year).
- 2017: Revenue of $12.5M, expenses of $10.6M, and assets of $11.1M (revenue +9.2% year-over-year).
- 2016: Revenue of $11.4M, expenses of $8.3M, and assets of $8.4M (revenue +26.2% year-over-year).
- 2015: Revenue of $9.1M, expenses of $13.7M, and assets of $6.5M (revenue +304.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $10.3M, and assets of $5.2M (revenue -64.4% year-over-year).
- 2013: Revenue of $6.3M, expenses of $1.4M, and assets of $8.3M (revenue +243.9% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.4M, and assets of $1.1M (revenue +5.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $691K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quantum Leap Health Carecollaborative:
Data Sources and Methodology
This transparency report for Quantum Leap Health Carecollaborative 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.