Adoption Resource Center

Analysis

Adoption Resource Center is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in December 1994, 32 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 2022, Adoption Resource Center reported income of $750k and spending of $792k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $914k to $750k (-18%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adoption Resource Center 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 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Lexington Community Farm Coalition Inc ($750k), Love in the Name of Christ of Northwest Allegan County ($750k) and Alliance of Rhode Island Southeast Asians for Education ($750k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $130k (16% of expenses). At year end it held assets of $213k against liabilities of $666k, net assets of -$453k. It reported 10 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.