Abrasba Foundation

Analysis

Abrasba Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abrasba Foundation reported income of $4.1m and spending of $1.4m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $697k to $4.1m (+494%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 235%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abrasba Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Ridgeview Foundation ($4.1m), Decision Point Ministries ($4.1m) and Hogs for the Cause ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $20.6m against liabilities of $1.8m, net assets of $18.7m.