Adderley School

Analysis

Adderley School is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Adderley School reported income of $482k and spending of $240k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $253k to $482k (+90%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Adderley School 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 74th percentile within TX. Charities of a similar size with the same main cause include New Mexico in Depth Inc ($482k), Daylight Community Arts Foundation Inc ($482k) and Native Peoples Action Community Fund ($482k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (54% of expenses). At year end it held assets of $55k against liabilities of $4,238, net assets of $51k. It reported 2 employees.