Adaptiv Inc

Analysis

Adaptiv Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Adaptiv Inc reported income of $361k and spending of $448k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $549k to $361k (-34%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adaptiv Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Rotary Club of Upper Kittitas County Foundation ($361k), University of Santo Tomas Medical Alumni Association of America ($361k) and Erin Eickmeier Foundation ($361k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $198k (44% of expenses). Other salaries and wages came to $27k. At year end it held assets of $174k against liabilities of $1,467, net assets of $172k. It reported 3 employees.