Adelphoi Foundation

Analysis

Adelphoi Foundation is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Adelphoi Foundation reported income of $2.0m and spending of $261k, leaving 87% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2020, when income dropped by 58%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adelphoi Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Destine Preparatory Charter School ($2.0m), South City Community School ($2.0m) and Carolina College of Biblical Studies ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $28.5m against liabilities of $202k, net assets of $28.3m.