Ada Foundation

Analysis

Ada Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Ada Foundation reported income of $3.1m and spending of $1.6m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $3.1m (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 230%. Over the whole period it spent 149% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ada Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Orthopaedic Research Society ($3.1m), Baxter Foundation Inc ($3.1m) and Spring Hill Community Ambulance Corps Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% of the total. Other salaries and wages came to $511k. At year end it held assets of $16.8m against liabilities of $931k, net assets of $15.9m.