Adams Quest

Analysis

Adams Quest is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Adams Quest reported income of $89k and spending of $90k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $158k to $89k (-44%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adams Quest sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include New American Community Lending Corporation ($89k), Stillwater Ranch Inc ($89k) and Delaware Creative Housing Hud 1 Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $60k (67% of expenses). At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.