Adams Central Schools Foundation

Analysis

Adams Central Schools Foundation is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in October 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adams Central Schools Foundation reported income of $293k and spending of $206k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $293k (+76%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adams Central Schools Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include Home Port Inc ($293k), Castlebay Lane Elementary School Parents and Teachers Helping ($293k) and Pepin County Child Care Service Inc Route 1 ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 51% of the total. At year end it held assets of $906k against liabilities of $299k, net assets of $608k.