Abandon Project Inc

Analysis

Abandon Project Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abandon Project Inc reported income of $496k and spending of $252k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $261k to $496k (+90%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abandon Project Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Creamos Norte ($496k), Reese Alan Wilson Center Inc ($496k) and Reading Food Pantry Inc ($495k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). Other salaries and wages came to $142k. At year end it held assets of $222k against liabilities of $0, net assets of $222k. It reported 9 employees.