Adagio Health Inc

Analysis

Adagio Health Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Adagio Health Inc reported income of $24.4m and spending of $25.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $24.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adagio Health 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 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Deaconess Health Kentucky Inc ($24.4m), Casa Colina Centers for Rehabilitation Inc ($24.4m) and Tampa General Hospital Foundation Inc ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $639k (2.5% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $13.7m against liabilities of $5.9m, net assets of $7.8m. It reported 269 employees.