Celebrity Adventures Inc

Analysis

Celebrity Adventures Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1998, 28 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 (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, Celebrity Adventures Inc reported income of $2.1m and spending of $2.6m, spending 123% of what it took in. Across the 6 years on record, from May 2019 to June 2023, income fell from $4.7m to $2.1m (-56%), an average of -15% a year. The sharpest change came in the year to May 2021, when income rose by 452%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Celebrity Adventures Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Tompkins Charitable Gift Fund Inc ($2.1m), Berkshire Community College Foundation Inc ($2.1m) and Neighborhood Housing Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 258% of the total. Compensation of current officers, directors and key employees was $89k (3.5% of expenses). At year end it held assets of $1.3m against liabilities of $666k, net assets of $657k. It reported 1 employees.