Abbeys Hope Charitable Foundation

Analysis

Abbeys Hope Charitable Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 May 2023, Abbeys Hope Charitable Foundation reported income of $155k and spending of $220k, spending 142% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $123k to $155k (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2020, when income rose by 106%. Over the whole period it spent 111% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Abbeys Hope Charitable Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Routt County Crisis Support ($155k), Volunteer Engine Company 2 ($155k) and Hawleyville Vol Fire Co No 1incorporated ($155k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $56k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 1 employees.