Adp Foundation

Analysis

Adp Foundation is a registered charity in United States, based in Roseland, NJ. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Adp Foundation reported income of $18.6m and spending of $15.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.4m to $18.6m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adp Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Foundation of North Louisiana ($18.5m), Alliance Health of Wrentham Inc ($18.6m) and Vela Education Fund ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $26.3m against liabilities of $3.4m, net assets of $22.9m.