Abate Foundation Inc

Analysis

Abate Foundation Inc is a registered charity in United States, based in Bargersville, IN. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abate Foundation Inc reported income of $248k and spending of $197k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $248k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abate Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Wolverine Band Boosters ($248k), Adventurers Academy of Lifelong Learning ($248k) and Josiah Quincy School Association ($248k).

At year end it held assets of $190k against liabilities of $5,147, net assets of $185k.