Adapta

Analysis

Adapta is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover health care, 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, Adapta reported income of $3.8m and spending of $3.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.8m (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adapta sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Eluna ($3.8m), Eastside Mental Health Center Inc ($3.8m) and Stacy Mark Reed Foundation Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $101k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.7m against liabilities of $1.6m, net assets of $3.0m. It reported 65 employees.