Adaptable Security Corp

Analysis

Adaptable Security Corp is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover science and technology, 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, Adaptable Security Corp reported income of $65k and spending of $61k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $97k to $65k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adaptable Security Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Foundation for Financial Journalism ($65k), West Liberty Historical Society ($65k) and Pigs Do Fly Theater Corp ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 105% of the total. At year end it held assets of $389k against liabilities of $3,232, net assets of $386k.