Adaptors Inc

Analysis

Adaptors Inc is a registered charity in United States, based in Barryville, NY. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Adaptors Inc reported income of $64k and spending of $53k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $39k to $64k (+66%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adaptors Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Haitian Development Center of Delmarva Inc ($64k), Preservation Foundation of Sumner County ($64k) and Afrolatino Forum ($64k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. At year end it held assets of $7,382 against liabilities of $41k, net assets of -$34k.