Adopt-A-Student Foundation

Analysis

Adopt-A-Student Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Adopt-A-Student Foundation reported income of $11.7m and spending of $3.7m, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $11.7m (+220%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 444%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adopt-A-Student Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Denver Jewish Day School ($11.7m), Southwest Chicago Christian School Association ($11.7m) and Vista at Entrada School of Performing Arts and Technology ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. It paid $74k in professional fundraising fees. At year end it held assets of $48.0m against liabilities of $41k, net assets of $47.9m.