Edina Abc Foundation

Analysis

Edina Abc Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in December 1971, 55 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, Edina Abc Foundation reported income of $142k and spending of $175k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $78k to $142k (+82%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edina Abc Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Day of Independence Committee of Panamanians in New York Inc ($142k), PTA California Congress of Parents Teachers & Students Inc ($142k) and Ian Fleming Foundation ($142k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $56k (32% of expenses). Other salaries and wages came to $20k. At year end it held assets of $289k against liabilities of $3,257, net assets of $286k. It reported 4 employees.