Abba Fund Inc

Analysis

Abba Fund Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abba Fund Inc reported income of $672k and spending of $545k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $738k to $672k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abba Fund 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 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include St Joseph Center of Arkansas ($671k), Ace Opportunities ($672k) and Marketing Association for Rehabilitation Centers Inc ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.6% of the total. Other salaries and wages came to $138k. At year end it held assets of $3.2m against liabilities of $206k, net assets of $3.0m. It reported 10 employees.