Abokin Inc

Analysis

Abokin Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 June 2024, Abokin Inc reported income of $64k and spending of $98k, spending 154% of what it took in. Across the 4 years on record, from June 2019 to June 2024, income grew from $56k to $64k (+14%), an average of +4.4% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abokin Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Texas Aggie Bar Association ($64k), Association of Fundraising Professionals ($64k) and Keene Rotary Club Community Service Fund Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.