Edrice Adebayo Foundation Inc

Analysis

Edrice Adebayo Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edrice Adebayo Foundation Inc reported income of $121k and spending of $141k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $121k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Edrice Adebayo Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Washington C L U B Charity Golf Classic ($121k), Scholastic Interest Group Foundation Inc ($121k) and Boys II Men Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,905 against liabilities of $0, net assets of $6,905.