Admirato Inc

Analysis

Admirato Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Admirato Inc reported income of $669k and spending of $1.0m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $669k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Admirato Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include John Jay Institute for Faith Society and Law Inc ($669k), Storehouse Ministries Outreach Inc ($670k) and Faithfully Restored ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $179k (17% of expenses). Other salaries and wages came to $194k. At year end it held assets of $263k against liabilities of $33k, net assets of $230k. It reported 6 employees.