Abpa Foundation Inc

Analysis

Abpa Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 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 January 2024, Abpa Foundation Inc reported income of $288k and spending of $279k, spending 97% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $122k to $288k (+136%), an average of +136% a year. The sharpest change came in the year to January 2024, when income rose by 136%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abpa Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Family & Friends Adult Day Center Inc ($288k), Faith in Action of Bloomington-Normal ($288k) and Senior Care of Orange County Inc ($288k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (16% of expenses). At year end it held assets of $114k against liabilities of $0, net assets of $114k.