Adoptions From the Heart Inc

Analysis

Adoptions From the Heart Inc is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 June 2023, Adoptions From the Heart Inc reported income of $3.8m and spending of $4.3m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $3.8m (-21%), an average of -5.6% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adoptions From the Heart Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Kentucky Bar Foundation in ($3.8m), Childrens Service Society of Utah ($3.8m) and Young Mens Christian Association Sanford-Springvale ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $505k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.8m against liabilities of $1.8m, net assets of $2.1m. It reported 53 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.