The Abilene Education Foundation

Analysis

The Abilene Education Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in February 2001, 25 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 July 2023, The Abilene Education Foundation reported income of $840k and spending of $702k, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $395k to $840k (+112%), an average of +21% a year. The sharpest change came in the year to July 2020, when income rose by 155%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Abilene Education Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include T H O R N Ministries Inc ($840k), Wellmont Academy of Tampa Bay Inc ($840k) and With Helping Hands Serving Nutritious Meals ($839k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $133k. At year end it held assets of $1.5m against liabilities of $36k, net assets of $1.4m. It reported 4 employees.