Abet Foundation Inc

Analysis

Abet Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Abet Foundation Inc reported income of $129k and spending of $117k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $114k to $129k (+14%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abet Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Portside New York Inc ($129k), Highland North Music ($129k) and Far West Heritage Association ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $378k against liabilities of $191k, net assets of $187k.