Friends in Adoption Inc

Analysis

Friends in Adoption Inc is a registered charity in United States, based in Castleton, VT. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends in Adoption Inc reported income of $1.1m and spending of $874k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends in Adoption Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include Vermont Associates for Mexican Opportunity & Support Inc ($1.1m), Elevate Lives ($1.1m) and Mustard Seed Ranch ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $123k (14% of expenses). Other salaries and wages came to $358k. At year end it held assets of $2.6m against liabilities of $586k, net assets of $2.0m. It reported 15 employees.