The Abcd Inc

Analysis

The Abcd Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 1974, 52 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 December 2022, The Abcd Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.3m to $1.7m (-60%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Abcd Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Alternatives Incorporated of Madison County ($1.7m), Habitat for Humanity International Inc ($1.7m) and Vida Joven de Mexico ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% and program service revenue 7.3% of the total. Other salaries and wages came to $616k. At year end it held assets of $6.6m against liabilities of $4.0m, net assets of $2.5m. It reported 34 employees.