Adaptive Living Incorporated

Analysis

Adaptive Living Incorporated is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Adaptive Living Incorporated reported income of $134k and spending of $143k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $134k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adaptive Living Incorporated sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Interior Youth Basketball Inc ($134k), Priceville Community Recreation Association Inc ($134k) and Faith Independent Assembly of God ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $6,175 (4.3% of expenses). Other salaries and wages came to $76k. At year end it held assets of $104k against liabilities of $97, net assets of $104k. It reported 3 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.