Ada Jobs Foundation

Analysis

Ada Jobs Foundation is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Ada Jobs Foundation reported income of $618k and spending of $786k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $523k to $618k (+18%), an average of +5.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ada Jobs Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include JC Facility Corp ($618k), Independence for the Blind of West Florida ($619k) and One Voice United Inc ($617k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (4.6% of expenses). Other salaries and wages came to $242k. At year end it held assets of $693k against liabilities of $127k, net assets of $566k. It reported 6 employees.