Abc No Rio Inc

Analysis

Abc No Rio Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1992, 34 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, Abc No Rio Inc reported income of $82k and spending of $63k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $82k (-93%), an average of -48% a year. The sharpest change came in the year to June 2021, when income rose by 2433%. Over the whole period it spent 17% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abc No Rio Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($82k), Friends of the Columbia County Traveling Library Inc ($82k) and South Tillamook County Library Club Inc ($82k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.1% of the total. At year end it held assets of $13.9m against liabilities of $2,112, net assets of $13.9m. It reported 1 employees.