Aabr Inc

Analysis

Aabr Inc is a registered charity in United States, based in College Point, NY. It received its IRS tax-exemption ruling in April 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Aabr Inc reported income of $44.1m and spending of $43.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.5m to $44.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aabr Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Mount Olivet Rolling Acres Inc ($44.1m), Serenity Care Inc ($44.2m) and Hernando-Pasco Hospice Inc ($44.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $513k (1.2% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $31.2m against liabilities of $28.7m, net assets of $2.5m. It reported 549 employees.