Quilters Unlimited
EIN: 541375752 · Merrifield, VA · NTEE: T70Z
| Metric | Value |
|---|---|
| Total Revenue | $221K |
| Total Expenses | $184K |
| Net Assets | $314K |
Is Quilters Unlimited Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quilters Unlimited
Quilters Unlimited (EIN: 541375752) is a nonprofit organization based in Merrifield, VA, classified under NTEE code T70Z. The organization reported total revenue of $221K and total assets of $386K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quilters Unlimited's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quilters Unlimited is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $177K |
| Total Expenses | $184K |
| Surplus / Deficit | $-7,179 |
| Total Assets | $314K |
| Net Assets | $314K |
| Operating Margin | -4.1% |
| Months of Reserves | 20.5 months |
Financial Health Grade: B
In 2023, Quilters Unlimited reported a deficit of $7K with expenses exceeding revenue, holds 20.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Quilters Unlimited's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +27.0% | -2.3% |
| 2022 | +114.6% | +108.0% | +4.1% |
| 2021 | -61.1% | -70.3% | +1.3% |
| 2020 | -45.2% | -29.0% | -6.2% |
| 2019 | -0.2% | -11.2% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Quilters Unlimited 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 Quilters Unlimited 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 $7K, with expenses exceeding revenue.
Frequently Asked Questions about Quilters Unlimited
Is Quilters Unlimited a legitimate charity?
Based on AI analysis of IRS 990 filings, Quilters Unlimited (EIN: 541375752) insufficient data. 0 red flags identified, 0 strengths noted.
How does Quilters Unlimited spend its money?
Detailed spending breakdown data is not yet available for Quilters Unlimited. Check back for updated IRS 990 analysis.
Are donations to Quilters Unlimited tax-deductible?
Quilters Unlimited is registered as a tax-exempt nonprofit (EIN: 541375752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Quilters Unlimited located?
Quilters Unlimited is headquartered in Merrifield, Virginia and files with the IRS under EIN 541375752. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does Quilters Unlimited have?
Quilters Unlimited has 12 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 $221K in total revenue.
Filing History
IRS 990 filing history for Quilters Unlimited showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Quilters Unlimited's revenue has grown by 350.7%, moving from $39K to $177K. Total assets increased by 87.1% over the same period, from $168K to $314K. Total functional expenses rose by 1078.5%, from $16K to $184K. In its most recent filing year (2023), Quilters Unlimited reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $177K | $184K | $314K | $0 | — | View 990 |
| 2022 | $158K | $145K | $322K | $0 | — | View 990 |
| 2021 | $74K | $70K | $309K | $0 | — | View 990 |
| 2020 | $190K | $234K | $305K | $0 | — | View 990 |
| 2019 | $346K | $330K | $325K | $0 | — | View 990 |
| 2018 | $346K | $372K | $310K | $0 | — | View 990 |
| 2017 | $340K | $327K | $335K | $0 | — | View 990 |
| 2016 | $3K | $24K | $128K | $0 | — | View 990 |
| 2015 | $15K | $25K | $149K | $0 | — | View 990 |
| 2014 | $11K | $15K | $160K | $0 | — | View 990 |
| 2013 | $14K | $18K | $164K | $0 | — | View 990 |
| 2012 | $39K | $16K | $168K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $177K, expenses of $184K, and assets of $314K (revenue +11.7% year-over-year).
- 2022: Revenue of $158K, expenses of $145K, and assets of $322K (revenue +114.6% year-over-year).
- 2021: Revenue of $74K, expenses of $70K, and assets of $309K (revenue -61.1% year-over-year).
- 2020: Revenue of $190K, expenses of $234K, and assets of $305K (revenue -45.2% year-over-year).
- 2019: Revenue of $346K, expenses of $330K, and assets of $325K (revenue -0.2% year-over-year).
- 2018: Revenue of $346K, expenses of $372K, and assets of $310K (revenue +1.8% year-over-year).
- 2017: Revenue of $340K, expenses of $327K, and assets of $335K (revenue +10890.4% year-over-year).
- 2016: Revenue of $3K, expenses of $24K, and assets of $128K (revenue -78.7% year-over-year).
- 2015: Revenue of $15K, expenses of $25K, and assets of $149K (revenue +36.6% year-over-year).
- 2014: Revenue of $11K, expenses of $15K, and assets of $160K (revenue -24.6% year-over-year).
- 2013: Revenue of $14K, expenses of $18K, and assets of $164K (revenue -64.1% year-over-year).
- 2012: Revenue of $39K, expenses of $16K, and assets of $168K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quilters Unlimited:
Data Sources and Methodology
This transparency report for Quilters Unlimited 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.