Inheritance Adoptions

Analysis

Inheritance Adoptions is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 September 2023, Inheritance Adoptions reported income of $308k and spending of $247k, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $184k to $308k (+67%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Inheritance Adoptions sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Frontline Legal Services ($308k), Lifelink Career Resource Center Inc ($308k) and First Choice Pregnancy Resource Center Inc ($308k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $74k (30% of expenses). Other salaries and wages came to $65k. At year end it held assets of $496k against liabilities of $3,340, net assets of $493k. It reported 4 employees.