Adopt a Class Foundation

Analysis

Adopt a Class Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2006, 20 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 Class Foundation reported income of $662k and spending of $623k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $662k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adopt a Class Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Education Comes First Inc ($662k), Christian Academy of Guatemala Inc ($662k) and Washington Congress of Parents & Teachers ($662k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $126k (20% of expenses). Other salaries and wages came to $298k. At year end it held assets of $473k against liabilities of $5,185, net assets of $468k. It reported 11 employees.