Abercrombie & Kent Philanthropy Inc

Analysis

Abercrombie & Kent Philanthropy Inc is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Abercrombie & Kent Philanthropy Inc reported income of $2.1m and spending of $1.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.1m (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 128%. 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, Abercrombie & Kent Philanthropy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Freeman Educational Foundation 2113 ($2.1m), Realities for Children Charities ($2.1m) and Southern Eye-Bank ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $285k (17% of expenses). Other salaries and wages came to $162k. At year end it held assets of $1.4m against liabilities of $846k, net assets of $556k.