Ada University Foundation

Analysis

Ada University Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2023, Ada University Foundation reported income of $696k and spending of $960k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $696k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ada University Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Mississippi Delta Community College Development Foundation Inc ($696k), Independent Schools Corporate Tax Foundation ($696k) and Youthroots ($696k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $75k. At year end it held assets of $7.9m against liabilities of $674k, net assets of $7.2m. It reported 2 employees.