Adapt Incorporated

Analysis

Adapt Incorporated is a registered charity in United States, based in Coldwater, MI. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Adapt Incorporated reported income of $6.7m and spending of $6.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.6m to $6.7m (+1.8%), an average of +0.4% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adapt Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include African Community Education Program ($6.7m), Centering Healthcare Institute Inc ($6.7m) and Institute for Nonprofit Practice Inc ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 92% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $5.0m against liabilities of $2.4m, net assets of $2.6m. It reported 354 employees.