Adelante Thrift Inc

Analysis

Adelante Thrift Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adelante Thrift Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adelante Thrift Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Bikur Cholim ($1.7m), Hospice of Redmond ($1.7m) and Los Angeles Artc Center Child Care ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $439k. At year end it held assets of $216k against liabilities of $15k, net assets of $201k. It reported 29 employees.