Quest Foundation
Quest Foundation maintains over $100M in assets despite recent operational deficits and zero officer compensation.
EIN: 201844715 · Danville, CA · NTEE: T22 · Updated: 2026-03-28
Is Quest Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quest Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quest Foundation
Quest Foundation (EIN: 201844715) is a nonprofit organization based in Danville, CA, classified under NTEE code T22. The organization reported total revenue of $33.7M and total assets of $109.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quest Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Quest Foundation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Quest Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly by the foundation, which is a strong positive for resource allocation and 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 Quest Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2020) where expenses exceeded revenue.
- Significant year-over-year revenue fluctuations, indicating potential reliance on variable funding sources.
Strengths
The following positive indicators were identified for Quest Foundation:
- Substantial and growing asset base, exceeding $100 million, providing strong financial stability.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong commitment to mission.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Long history of IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Quest Foundation
Is Quest Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Quest Foundation (EIN: 201844715) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Quest Foundation spend its money?
Quest Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quest Foundation tax-deductible?
Quest Foundation is registered as a tax-exempt nonprofit (EIN: 201844715). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Quest Foundation financially stable?
Yes, despite recent operational deficits (e.g., $8,851,339 expenses vs. $6,454,263 revenue in 2023), Quest Foundation maintains substantial assets, exceeding $100 million in recent years, indicating strong long-term financial stability.
Does Quest Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership is not drawing salaries from the organization's funds.
How has Quest Foundation's asset base changed over time?
Quest Foundation's assets have shown consistent growth, increasing from $85,570,117 in 2011 to $104,441,761 in 2023, demonstrating long-term financial growth.
What is the primary activity of Quest Foundation?
Based on its NTEE code T22, Quest Foundation is classified as a Private Grantmaking Foundation, indicating its primary activity is making grants to other organizations.
Filing History
IRS 990 filing history for Quest Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Quest Foundation's revenue has grown by 128.3%, moving from $2.8M to $6.5M. Total assets increased by 22.1% over the same period, from $85.6M to $104.4M. Total functional expenses rose by 84.3%, from $4.8M to $8.9M. In its most recent filing year (2023), Quest Foundation reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $104.4M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $102.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $8.9M | $104.4M | $1.9M | — | — |
| 2022 | $5.9M | $8.4M | $97.9M | $1.1M | — | View 990 |
| 2021 | $12.9M | $8.2M | $120.1M | $1.8M | — | View 990 |
| 2020 | $5.2M | $7.9M | $108.8M | $1.6M | — | View 990 |
| 2019 | $8.4M | $8.3M | $105.6M | $1.9M | — | — |
| 2015 | $7.0M | $5.5M | $93.1M | $1.4M | — | View 990 |
| 2014 | $7.2M | $4.6M | $96.0M | $935K | — | View 990 |
| 2013 | $5.5M | $4.6M | $93.6M | $1.2M | — | View 990 |
| 2012 | $3.7M | $4.7M | $87.5M | $929K | — | View 990 |
| 2011 | $2.8M | $4.8M | $85.6M | $1000K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $8.9M, and assets of $104.4M (revenue +9.3% year-over-year).
- 2022: Revenue of $5.9M, expenses of $8.4M, and assets of $97.9M (revenue -54.2% year-over-year).
- 2021: Revenue of $12.9M, expenses of $8.2M, and assets of $120.1M (revenue +145.9% year-over-year).
- 2020: Revenue of $5.2M, expenses of $7.9M, and assets of $108.8M (revenue -37.4% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.3M, and assets of $105.6M (revenue +19.8% year-over-year).
- 2015: Revenue of $7.0M, expenses of $5.5M, and assets of $93.1M (revenue -2.6% year-over-year).
- 2014: Revenue of $7.2M, expenses of $4.6M, and assets of $96.0M (revenue +29.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.6M, and assets of $93.6M (revenue +50.6% year-over-year).
- 2012: Revenue of $3.7M, expenses of $4.7M, and assets of $87.5M (revenue +29.8% year-over-year).
- 2011: Revenue of $2.8M, expenses of $4.8M, and assets of $85.6M.
Data Sources and Methodology
This transparency report for Quest Foundation 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.