Adamo Education Inc

Analysis

Adamo Education Inc is a registered charity in United States, based in Queen Creek, AZ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Adamo Education Inc reported income of $153k and spending of $240k, spending 157% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $172k to $153k (-11%), an average of -11% a year. Over the whole period it spent 137% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adamo Education Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within AZ. Charities of a similar size with the same main cause include Logan County Education Foundation ($153k), Eta Theta Lampda Education Foundation ($153k) and The Gridiron Foundation of Bellevue Inc ($153k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $150k against liabilities of $270k, net assets of -$120k.