Friends of Adaire

Analysis

Friends of Adaire is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Adaire reported income of $72k and spending of $44k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $19k to $72k (+288%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Adaire sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Multnomah Law Library ($72k), Vandegrift High School Baseball Booster Club ($72k) and Appna Michigan Chapter Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.