Ad Lib Inc

Analysis

Ad Lib Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 2024, Ad Lib Inc reported income of $2.0m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.0m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ad Lib Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Hunters Hope Foundation Inc ($2.0m), Rolling Start Incorporated ($2.0m) and McKinney Avenue Transit Authority Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $103k (5.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $320k, net assets of $2.1m. It reported 40 employees.