Abrazar Inc

Analysis

Abrazar Inc is a registered charity in United States, based in Westminster, CA. It received its IRS tax-exemption ruling in August 1993, 33 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 June 2023, Abrazar Inc reported income of $9.6m and spending of $9.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $9.6m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abrazar Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include 1st Kids Inc ($9.6m), Specialized Alternatives for Families and Youth of America Inc ($9.6m) and California Family Life Center ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $83k (0.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $7.6m against liabilities of $3.6m, net assets of $4.0m. It reported 158 employees.