Association for the Development of the Exceptional Inc

Analysis

Association for the Development of the Exceptional Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association for the Development of the Exceptional Inc reported income of $2.5m and spending of $3.1m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.5m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for the Development of the Exceptional 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 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.5m), College of Eastern Idaho Foundation Inc ($2.5m) and Jollyville Volunteer Fire Dept ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $274k (8.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.2m against liabilities of $1.7m, net assets of $8.5m. It reported 74 employees.