Adelante Story Foundation

Analysis

Adelante Story Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adelante Story Foundation reported income of $73k and spending of $94k, spending 128% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $70k to $73k (+4.8%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adelante Story Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include GFWC Utopia Club of Ozark Missouriinc ($73k), Utica Community Schools Foundation for Educational Excellence ($73k) and Morgan Lynn Garrett Heart of Courage Foundation Inc ($73k).

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 $13k against liabilities of $0, net assets of $13k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.