Adagio House

Analysis

Adagio House is a registered charity in United States, based in Rockingham, VA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Adagio House reported income of $892k and spending of $704k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $228k to $892k (+292%), an average of +98% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adagio House sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Sun Valley Community Center ($892k), Claremont Courier ($893k) and Center for Sexual Assault & Domestic Violence Survivors Inc ($892k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $491k. At year end it held assets of $297k against liabilities of $44k, net assets of $253k. It reported 17 employees.