Abny Foundation Inc

Analysis

Abny Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1991, 35 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 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 December 2023, Abny Foundation Inc reported income of $382k and spending of $466k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $964k to $382k (-60%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abny Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Open Hands Foundation ($382k), Care for Humanity ($383k) and Patrons of the Prado ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $2.1m against liabilities of $51k, net assets of $2.1m.