Addventuri

Analysis

Addventuri is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 September 2023, Addventuri reported income of $135k and spending of $400k, spending 296% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $666k to $135k (-80%), an average of -33% a year. The sharpest change came in the year to September 2022, when income dropped by 102%. Over the whole period it spent 149% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Addventuri sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Seaside Park Vol Fire Co No 1 ($135k), Oklahoma Lifesaver Operation Inc ($135k) and Emsworth Volunteer Fire Company ($135k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). Other salaries and wages came to $117k. At year end it held assets of $267k against liabilities of $775k, net assets of -$507k. It reported 5 employees.

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.