Adelante Community Development

Analysis

Adelante Community Development is a registered charity in United States, based in Commerce City, CO. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Adelante Community Development reported income of $2.6m and spending of $1.4m, leaving 47% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $431k to $2.6m (+512%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adelante Community Development 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 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Gersh and Sarah Lemberg Childrens Center Inc ($2.6m), Global Implementation Solutions ($2.6m) and The Farm School Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $162k (12% of expenses). Other salaries and wages came to $314k. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.3m. It reported 7 employees.