A B C Inc of New Canaan

Analysis

A B C Inc of New Canaan is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, A B C Inc of New Canaan reported income of $417k and spending of $382k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $180k to $417k (+131%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, A B C Inc of New Canaan sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Yolo County Board of Education Financing Corporation ($417k), Oregon Performing Arts Academy ($417k) and Chinese Education Freedom Fund ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $100k (26% of expenses). At year end it held assets of $1.7m against liabilities of $8,450, net assets of $1.6m. It reported 4 employees.