Adagio Institute Inc

Analysis

Adagio Institute Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2022, Adagio Institute Inc reported income of $772k and spending of $1.0m, spending 131% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $303k to $772k (+155%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 504%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adagio Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include John F Kennedy Hyannis Museum Foundation Inc ($772k), North American Invasive Species Mangement Association ($772k) and Georgia Nihongo Gakko Inc ($772k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $38k (3.7% of expenses). At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.2m.