Adapt Inc

Analysis

Adapt Inc is a registered charity in United States, based in Bogalusa, LA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Adapt Inc reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $923k to $1.8m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adapt Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Fox Manor Inc ($1.8m), West Georgia Star Inc ($1.8m) and Foundation for Fresh Produce by Ifpa Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $863k. At year end it held assets of $652k against liabilities of $26k, net assets of $627k. It reported 23 employees.