Adage

Analysis

Adage is a registered charity in United States, based in Bruce TWP, MI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Adage reported income of $163k and spending of $148k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $163k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Adage sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Missouri Ice Hockey Officials Association ($163k), Belmont Rowing Center Inc ($163k) and Kulm Golf Course ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.