Adapt

Analysis

Adapt is a registered charity in United States, based in Roseburg, OR. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, Adapt reported income of $78.2m and spending of $58.8m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.6m to $78.2m (+140%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adapt sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Rosecrance Inc ($78.0m), Health Center Partners of Southern California ($78.3m) and Accesslex Institute ($77.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $439k (0.7% of expenses). Other salaries and wages came to $33.3m. At year end it held assets of $88.6m against liabilities of $22.1m, net assets of $66.5m. It reported 598 employees.