Quantum Leap Incorporated
Quantum Leap Incorporated shows consistent revenue growth but frequently operates with expenses exceeding revenue, reporting no officer compensation.
EIN: 201924540 · Owings Mills, MD · NTEE: L24 · Updated: 2026-03-28
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Quantum Leap Incorporated is mapped to EIN 201924540.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $13.1M |
| Total Expenses | $12.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $513K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Quantum Leap Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals
Quantum Leap Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Quantum Leap Incorporated in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $12.4M and expenses of $12.7M.
Revenue and Expenses
Quantum Leap Incorporated reported $12.4M in revenue and $12.7M in expenses, a deficit of $254K.
Executive Compensation
Top officer compensation appears as $12 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Quantum Leap Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $10.8M (85%) |
Across stored filings, Quantum Leap Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Category L context |
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Owings Mills, MD nonprofitsCategory L in Maryland
Human Services in Maryland
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Quantum Leap Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quantum Leap Incorporated
Quantum Leap Incorporated (EIN: 201924540) is a nonprofit organization based in Owings Mills, MD, classified under NTEE code L24. The organization reported total revenue of $13.1M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quantum Leap Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quantum Leap Incorporated is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.4M |
| Total Expenses | $12.7M |
| Surplus / Deficit | $-254,398 |
| Total Assets | $7.6M |
| Total Liabilities | $7.1M |
| Net Assets | $513K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 93.2% |
| Months of Reserves | 7.1 months |
Financial Health Grade: C
In 2023, Quantum Leap Incorporated reported a deficit of $254K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 93.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quantum Leap Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | +10.0% | +3.0% |
| 2022 | +21.3% | +17.2% | +28.8% |
| 2021 | +40.4% | +27.6% | +31.7% |
| 2020 | +15.9% | +10.6% | +13.7% |
| 2019 | +26.0% | +26.3% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Incorporated with a Mission Score of 75 out of 100 (Good). 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, Quantum Leap Incorporated 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 deficit of $254K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.2%.
Executive Compensation Analysis
Quantum Leap Incorporated consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $12 million in revenue, suggesting either pro-bono leadership or compensation structured in a way not captured under 'officer compensation' on the 990.
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 Incorporated's IRS 990 filings:
- Frequent periods where expenses exceed revenue (e.g., 2023, 2020, 2019, 2018, 2017, 2014), potentially indicating reliance on reserves or unsustainable spending patterns.
- Consistent reporting of 0% officer compensation for an organization with over $12 million in revenue, which is highly unusual and warrants further investigation into executive remuneration practices.
- Significant and growing liabilities, reaching $7,052,346 in 2023, which could indicate substantial debt or other financial obligations.
Strengths
The following positive indicators were identified for Quantum Leap Incorporated:
- Consistent and substantial revenue growth over the past decade, from $4 million in 2014 to over $12 million in 2023, demonstrating strong fundraising or service delivery capabilities.
- Significant growth in assets, from negative in 2014 to over $7.5 million in 2023, indicating increasing financial capacity.
- Strong program focus implied by the NTEE code L24 (Mental Health Treatment Facilities), suggesting a clear mission alignment for spending.
Frequently Asked Questions about Quantum Leap Incorporated
Is Quantum Leap Incorporated a legitimate charity?
Quantum Leap Incorporated (EIN: 201924540) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.1M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Quantum Leap Incorporated spend its money?
Quantum Leap Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Quantum Leap Incorporated tax-deductible?
Quantum Leap Incorporated is registered as a tax-exempt nonprofit (EIN: 201924540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Quantum Leap Incorporated CEO make?
Quantum Leap Incorporated's highest-compensated officer earns $12 annually. The organization reported $13.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Quantum Leap Incorporated's spending goes to programs?
Quantum Leap Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quantum Leap Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Quantum Leap Incorporated is above average for NTEE category L24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quantum Leap Incorporated located?
Quantum Leap Incorporated is headquartered in Owings Mills, Maryland and files with the IRS under EIN 201924540. It is classified under NTEE code L24.
How many years of IRS 990 filings does Quantum Leap Incorporated have?
Quantum Leap Incorporated 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 $13.1M in total revenue.
How does Quantum Leap Incorporated fund its operations when expenses frequently exceed revenue, as seen in 2023 ($12,702,781 expenses vs $12,448,383 revenue)?
The organization likely covers these deficits through accumulated reserves from prior profitable years (e.g., 2022 where revenue exceeded expenses by over $1.2 million), or through other non-operating income sources not detailed in the provided summary.
What is the nature of the significant liabilities reported, which reached $7,052,346 in 2023?
Without further detail, these liabilities could represent deferred revenue, program-related debt, or other financial obligations incurred during the organization's expansion. A detailed balance sheet would be needed for a precise understanding.
Given the 0% officer compensation, how are the organization's top executives compensated, if at all?
The consistent reporting of 0% officer compensation suggests that either the top leadership serves on a purely voluntary basis, or their compensation is categorized under other expense lines (e.g., salaries and wages for non-officer roles, or through related organizations) not explicitly identified as 'officer compensation' on the 990.
What is the specific NTEE code L24, and how does it relate to the organization's mission and spending?
NTEE code L24 typically refers to 'Mental Health Treatment Facilities'. This suggests Quantum Leap Incorporated's primary mission is related to providing mental health services, which would align with significant program spending in this area.
Filing History
IRS 990 filing history for Quantum Leap Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quantum Leap Incorporated's revenue has grown by 265.7%, moving from $3.4M to $12.4M. Total assets increased by 342.9% over the same period, from $1.7M to $7.6M. Total functional expenses rose by 273%, from $3.4M to $12.7M. In its most recent filing year (2023), Quantum Leap Incorporated reported a deficit of $254K, with expenses exceeding revenue. The organization holds $7.1M in liabilities against $7.6M in assets (debt-to-asset ratio: 93.2%), resulting in net assets of $513K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.4M | $12.7M | $7.6M | $7.1M | — | — |
| 2022 | $12.8M | $11.6M | $7.3M | $6.6M | — | View 990 |
| 2021 | $10.6M | $9.9M | $5.7M | $6.2M | — | View 990 |
| 2020 | $7.5M | $7.7M | $4.3M | $5.6M | — | View 990 |
| 2019 | $6.5M | $7.0M | $3.8M | $4.9M | — | View 990 |
| 2018 | $5.2M | $5.5M | $3.4M | $4.0M | — | View 990 |
| 2017 | $4.6M | $4.8M | $2.7M | $3.0M | — | View 990 |
| 2016 | $4.4M | $4.1M | $1.3M | $1.4M | — | View 990 |
| 2015 | $4.1M | $4.1M | $1.2M | $1.5M | — | View 990 |
| 2014 | $4.0M | $4.3M | $-59,791 | $365K | — | View 990 |
| 2013 | $4.1M | $4.3M | $882K | $1.1M | — | View 990 |
| 2012 | $4.0M | $4.0M | $595K | $657K | — | View 990 |
| 2011 | $3.4M | $3.4M | $1.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.4M, expenses of $12.7M, and assets of $7.6M (revenue -3.1% year-over-year).
- 2022: Revenue of $12.8M, expenses of $11.6M, and assets of $7.3M (revenue +21.3% year-over-year).
- 2021: Revenue of $10.6M, expenses of $9.9M, and assets of $5.7M (revenue +40.4% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.7M, and assets of $4.3M (revenue +15.9% year-over-year).
- 2019: Revenue of $6.5M, expenses of $7.0M, and assets of $3.8M (revenue +26.0% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.5M, and assets of $3.4M (revenue +12.9% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.8M, and assets of $2.7M (revenue +4.2% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.1M, and assets of $1.3M (revenue +5.9% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.1M, and assets of $1.2M (revenue +2.7% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.3M, and assets of $-59,791 (revenue -2.3% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.3M, and assets of $882K (revenue +2.0% year-over-year).
- 2012: Revenue of $4.0M, expenses of $4.0M, and assets of $595K (revenue +19.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.4M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quantum Leap Incorporated:
Data Sources and Methodology
This transparency report for Quantum Leap Incorporated 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.