Abilis Community Foundation Inc

Analysis

Abilis Community Foundation Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Abilis Community Foundation Inc reported income of $207k and spending of $287k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $412k to $207k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abilis Community Foundation 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 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Gate - Gateway to Independence ($207k), Families Helping Families ($207k) and Little Tikes Daycare Inc ($207k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 30% of the total. At year end it held assets of $6.5m against liabilities of $190k, net assets of $6.3m.