Abraham Foundation

Analysis

Abraham Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 November 2022, Abraham Foundation reported income of $760k and spending of $1.2m, spending 153% of what it took in. Across the 4 years on record, from November 2019 to November 2022, income grew from $736k to $760k (+3.3%), an average of +1.1% a year. The sharpest change came in the year to November 2020, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abraham Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Boxton Cares Inc ($760k), Childrens Vision Services ($760k) and Friends of Springfield Preparatory Charter School Inc ($758k).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $110k (9.5% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 2 employees.