Abc Cares Foundation Inc

Analysis

Abc Cares Foundation Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in October 2010, 16 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 December 2023, Abc Cares Foundation Inc reported income of $338k and spending of $54k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $377k to $338k (-10%), an average of -10% a year. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abc Cares Foundation Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Help US Grow Foundation Inc ($338k), Making the Right Connections Inc ($338k) and RTL Foundation ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $928k against liabilities of $10k, net assets of $918k.