Friends of the Abbey Centre Inc

Analysis

Friends of the Abbey Centre Inc is a registered charity in United States, based in Westminster, CA. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2022, Friends of the Abbey Centre Inc reported income of $443k and spending of $340k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $377k to $443k (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Abbey Centre Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Riverside Sheriffs Charities Inc ($443k), Dallas Texas Bears Inc ($444k) and Patrick Henry College Foundation ($443k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $112k. At year end it held assets of $132k against liabilities of $23k, net assets of $109k. It reported 15 employees.