Adopt the Arts Foundation

Analysis

Adopt the Arts Foundation is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Adopt the Arts Foundation reported income of $479k and spending of $164k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $479k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 364%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adopt the Arts Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Hyde Park Jazz Festival ($479k), Golden Performing Arts Center a California Nonprofit Benefit Corp ($479k) and The Foundation for Advancements in Science and Education ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (8.5% of expenses). At year end it held assets of $318k against liabilities of $0, net assets of $318k.