Adesuwa-Uadiale Foundation Inc

Analysis

Adesuwa-Uadiale Foundation Inc is a registered charity in United States, based in Brentwood, CA. It received its IRS tax-exemption ruling in July 2021, 5 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, Adesuwa-Uadiale Foundation Inc reported income of $52k and spending of $52k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $52k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adesuwa-Uadiale Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Orange Foundation ($52k), Child Crisis Center of El Paso Foundation ($52k) and Joseph Albert Clapp Memorial Fund ($52k).

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 $141 against liabilities of $0, net assets of $141.