Ada Developers Academy

Analysis

Ada Developers Academy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ada Developers Academy reported income of $4.8m and spending of $15.2m, spending 315% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $21.5m to $4.8m (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ada Developers Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Skyline Math and Science Academy Inc ($4.8m), Odyssey Online Learning ($4.8m) and Veritas Academy Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.3m (8.9% of expenses). Other salaries and wages came to $5.1m. It paid $72k in professional fundraising fees. At year end it held assets of $4.9m against liabilities of $1.0m, net assets of $3.8m. It reported 80 employees.