Abac Foundation Inc

Analysis

Abac Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2017, 9 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, Abac Foundation Inc reported income of $125k and spending of $117k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $125k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abac Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Douglas County High School Band Boosters ($125k), Orono Elementary PTO ($125k) and Rogers Royals Tip Off Club ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.