Quality Life Concepts Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $6,699,217 | $7,188,018 | −$488,801 | 6.5 | 63% |
| 2021 | $8,719,149 | $6,367,764 | $2,351,385 | 12.1 | 61% |
| 2022 | $7,337,307 | $5,651,381 | $1,685,926 | 16.5 | 61% |
| 2023 | $6,016,152 | $5,524,550 | $491,602 | 18.1 | 62% |
In its most recent public year (2023), this organization brought in $491,602 more than it spent. Its reserves stood at about 18.1 months of spending, up from 6.5 in 2020. Staff pay was 62% of spending. $9,531 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗
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