Abtk Inc

Analysis

Abtk Inc is a registered charity in United States, based in Fennimore, WI. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, Abtk Inc reported income of $339k and spending of $262k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $339k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abtk Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Fourteenth Street Community Center ($339k), The Great Awakening Project ($339k) and Operation Aware of Oklahoma Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $24k. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $817k.