The High Q Foundation Inc
High Q Foundation shows massive revenue growth and asset accumulation with inconsistent expense reporting.
EIN: 20537670 · Roseland, NJ · NTEE: U990 · Updated: 2026-03-28
Is The High Q Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The High Q Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The High Q Foundation Inc
The High Q Foundation Inc (EIN: 20537670) is a nonprofit organization based in Roseland, NJ, classified under NTEE code U990. The organization reported total revenue of $249.0M and total assets of $540.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The High Q Foundation Inc'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 The High Q Foundation Inc with a Mission Score of 70 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The High Q Foundation Inc 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and revenue.
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 The High Q Foundation Inc's IRS 990 filings:
- Highly inconsistent and volatile revenue and expense reporting across periods, including negative revenue.
- NTEE code U990 (Unknown/Unclassified) makes programmatic assessment difficult.
- Extremely low reported expenses in some periods relative to revenue, raising questions about operational scope or reporting methodology.
- Rapid and substantial asset accumulation without clear corresponding programmatic spending in all periods.
Strengths
The following positive indicators were identified for The High Q Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no direct executive pay from the organization.
- Significant and growing asset base, providing substantial financial capacity.
- Demonstrates ability to generate very large revenues, indicating strong fundraising or investment capabilities.
- Low reported liabilities in most periods, suggesting good financial solvency.
Frequently Asked Questions about The High Q Foundation Inc
Is The High Q Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The High Q Foundation Inc (EIN: 20537670) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does The High Q Foundation Inc spend its money?
The High Q Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The High Q Foundation Inc tax-deductible?
The High Q Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20537670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the 'expenses' reported, given the extremely low figures in some periods (e.g., $230,298 in 202311) compared to revenue?
The reported expenses are unusually low relative to the substantial revenue figures, suggesting that the organization might primarily function as a grant-making entity where grants paid out are not fully captured as 'expenses' in the same way as operational costs, or that its operational model is extremely lean.
Why is officer compensation consistently reported as 0% across all filings, despite the organization's significant financial scale?
The consistent reporting of 0% officer compensation suggests that officers may be volunteers, compensated through an affiliated entity, or that the organization has a unique governance structure where traditional executive salaries are not paid directly by this entity.
What caused the negative revenue figure of $-60,426 in 201511?
A negative revenue figure typically indicates a significant return of funds, a major loss on investments, or an accounting adjustment. This specific event would require a deeper dive into the 2015 filing details to understand its cause.
How does the organization manage its substantial assets, which grew from $8,029,579 in 201111 to $540,481,155 currently?
The rapid growth in assets suggests significant investment income, retained earnings from its substantial revenues, or large contributions that are being held rather than immediately disbursed. The asset management strategy would be key to understanding its long-term financial health and impact.
What are the specific program activities funded by The High Q Foundation Inc, given its NTEE code U990 (Unknown/Unclassified)?
The NTEE code U990 indicates that the organization's specific activities are not classified, making it difficult to ascertain its programmatic focus without further information. Understanding its programs is crucial for assessing its charitable impact.
Filing History
IRS 990 filing history for The High Q Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The High Q Foundation Inc's revenue has grown by 1061.9%, moving from $11.8M to $137.3M. Total assets increased by 4796.9% over the same period, from $8.0M to $393.2M. Total functional expenses fell by 98.2%, from $12.4M to $230K. In its most recent filing year (2023), The High Q Foundation Inc reported a surplus of $137.1M, with revenue exceeding expenses. The organization holds $104K in liabilities against $393.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $393.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $137.3M | $230K | $393.2M | $104K | — | View 990 |
| 2022 | $213.9M | $34K | $251.5M | $1 | — | View 990 |
| 2021 | $190.3M | $155.0M | $38.3M | $1 | — | View 990 |
| 2020 | $180.7M | $180.0M | $3.2M | $0 | — | — |
| 2019 | $134.2M | $134.0M | $2.5M | $0 | — | View 990 |
| 2015 | $-60,426 | $8.8M | $78.2M | $271K | — | View 990 |
| 2014 | $39.7M | $10.8M | $86.9M | $0 | — | View 990 |
| 2013 | $19.9M | $12.2M | $27.3M | $0 | — | View 990 |
| 2012 | $21.5M | $10.0M | $19.6M | $0 | — | View 990 |
| 2011 | $11.8M | $12.4M | $8.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137.3M, expenses of $230K, and assets of $393.2M (revenue -35.8% year-over-year).
- 2022: Revenue of $213.9M, expenses of $34K, and assets of $251.5M (revenue +12.4% year-over-year).
- 2021: Revenue of $190.3M, expenses of $155.0M, and assets of $38.3M (revenue +5.3% year-over-year).
- 2020: Revenue of $180.7M, expenses of $180.0M, and assets of $3.2M (revenue +34.6% year-over-year).
- 2019: Revenue of $134.2M, expenses of $134.0M, and assets of $2.5M.
- 2015: Revenue of $-60,426, expenses of $8.8M, and assets of $78.2M (revenue -100.2% year-over-year).
- 2014: Revenue of $39.7M, expenses of $10.8M, and assets of $86.9M (revenue +99.6% year-over-year).
- 2013: Revenue of $19.9M, expenses of $12.2M, and assets of $27.3M (revenue -7.5% year-over-year).
- 2012: Revenue of $21.5M, expenses of $10.0M, and assets of $19.6M (revenue +82.0% year-over-year).
- 2011: Revenue of $11.8M, expenses of $12.4M, and assets of $8.0M.
Data Sources and Methodology
This transparency report for The High Q Foundation 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.