A Bond of Love Adoption Agency Inc

Analysis

A Bond of Love Adoption Agency Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 1997, 29 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, A Bond of Love Adoption Agency Inc reported income of $181k and spending of $272k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $333k to $181k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Bond of Love Adoption Agency Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Arab Watch Coalition ($181k), Zenerosity ($181k) and Palestine Aid Society of America ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $409k against liabilities of $42k, net assets of $367k.