Adsi

Analysis

Adsi is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Adsi reported income of $3.8m and spending of $4.0m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.8m to $3.8m (-21%), an average of -5.7% a year. The sharpest change came in the year to August 2023, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adsi sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Learning Source ($3.8m), Highland Park Mis HPMS PTO ($3.8m) and New Mexico Pipe Trades Joint Apprenticeship Fund ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $70k (1.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $8.7m against liabilities of $7.5m, net assets of $1.2m. It reported 118 employees.