Siloam Springs Adult Development Center Inc

Analysis

Siloam Springs Adult Development Center Inc is a registered charity in United States, based in Siloam SPGS, AR. It received its IRS tax-exemption ruling in February 1976, 50 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 2024, Siloam Springs Adult Development Center Inc reported income of $186k and spending of $211k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $172k to $186k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Siloam Springs Adult Development Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AR. Charities of a similar size with the same main cause include Veterans First Limited ($186k), Briarmeadow Charter School Parent- Teacher Organization ($186k) and Reservoir Hill Improvement Council Inc ($186k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (30% of expenses). Other salaries and wages came to $92k. At year end it held assets of $3,316 against liabilities of $8,540, net assets of -$5,224. It reported 4 employees.