The Abim Foundation

Analysis

The Abim Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Abim Foundation reported income of $7.5m and spending of $3.8m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $7.5m (+399%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 669%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Abim Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Rocky Mountain Lions Eye Bank ($7.5m), Grace Hospital ($7.5m) and Community Family Guidance Center ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% of the total. Compensation of current officers, directors and key employees was $1.0m (27% of expenses). Other salaries and wages came to $804k. At year end it held assets of $84.2m against liabilities of $1.2m, net assets of $82.9m. It reported 7 employees.