Aded Inc

Analysis

Aded Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Aded Inc reported income of $703k and spending of $736k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $643k to $703k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aded Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Anti-Drug & Alcohol Crusaders Inc ($703k), Carolina Bible Camp and Retreat ($703k) and Unlimited Housing for the Elderly Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $110k (15% of expenses). Other salaries and wages came to $139k. At year end it held assets of $604k against liabilities of $7,966, net assets of $596k. It reported 4 employees.