Adams Street Foundation Inc

Analysis

Adams Street Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Adams Street Foundation Inc reported income of $541k and spending of $703k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $594k to $541k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adams Street Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Heads Network Inc ($540k), Paris Church of the Holy Cross Parish Day School ($541k) and Wee Disciples Christian Academy ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $150k (21% of expenses). Other salaries and wages came to $218k. It paid $16k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $41k, net assets of $973k. It reported 10 employees.