Adagp Charitable Foundation

Analysis

Adagp Charitable Foundation is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Adagp Charitable Foundation reported income of $1.2m and spending of $2.0m, spending 170% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.2m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 141% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adagp Charitable Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Quad Cities Cultural and Educational Charitable Trust ($1.2m), Des Moines Art Festival Inc ($1.2m) and Friend Ships ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $5.7m against liabilities of $780k, net assets of $5.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.