Felix Adler Memorial Association

Analysis

Felix Adler Memorial Association is a registered charity in United States, based in Clinton, IA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Felix Adler Memorial Association reported income of $122k and spending of $123k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $122k (-5.7%), an average of -5.7% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Felix Adler Memorial Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Copper Country Community Arts Council ($122k), Toledo Jazz Festival ($122k) and West Ind Connection ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 52% of the total. At year end it held assets of $467k against liabilities of $60k, net assets of $406k.