Addy S Hope Adoption Agency

Analysis

Addy S Hope Adoption Agency is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Addy S Hope Adoption Agency reported income of $603k and spending of $498k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $603k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Addy S Hope Adoption Agency sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Southeast Alabama Works Inc ($603k), Agricultural Society of Dawson County Inc ($603k) and Roseland Christian Preschool ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $88k (18% of expenses). Other salaries and wages came to $190k. At year end it held assets of $855k against liabilities of $707k, net assets of $148k. It reported 5 employees.