3200 Adams Holding Corp

Analysis

3200 Adams Holding Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 3200 Adams Holding Corp reported income of $958k and spending of $1.5m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $958k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 158% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 3200 Adams Holding Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Goalsetter Foundation ($957k), Lamar Community College Foundation ($958k) and Rotary Foundation of Woodland ($956k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $21.0m against liabilities of $24.1m, net assets of -$3.1m.

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.