Adelante Inc

Analysis

Adelante Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Adelante Inc reported income of $658k and spending of $707k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $569k to $658k (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adelante Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Vista Chino Senior Housing Inc ($658k), Maine Association of Recovery Residences ($658k) and Restoration Destination Inc ($658k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 26% of the total. Other salaries and wages came to $161k. At year end it held assets of $3.8m against liabilities of $4.6m, net assets of -$814k.

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.