Adapt Foundation Inc

Analysis

Adapt Foundation Inc is a registered charity in United States, based in Freeport, TX. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Adapt Foundation Inc reported income of $2.1m and spending of $3.3m, spending 155% of what it took in. Across the 5 years on record, from August 2018 to August 2022, income grew from $553k to $2.1m (+280%), an average of +40% a year. The sharpest change came in the year to August 2020, when income rose by 224%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adapt Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Solidaridad Sin Fronteras Inc ($2.1m), Healthcare Quality Strategies Inc ($2.1m) and Preferred Hospice Inc ($2.1m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 4.6% and program service revenue 88% of the total. Other salaries and wages came to $938k. At year end it held assets of $2.3m against liabilities of $633k, net assets of $1.6m.