Academic Development Institute Inc

Analysis

Academic Development Institute Inc is a registered charity in United States, based in Lincoln, IL. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Academic Development Institute Inc reported income of $2.7m and spending of $3.1m, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $2.7m (+5.4%), an average of +1.1% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Academic Development Institute Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Peoples Harm Reduction Alliance ($2.7m), Rebel Recovery Florida Inc ($2.7m) and South-Central Colorado Seniors Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $921k against liabilities of $185k, net assets of $736k. It reported 30 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.