Abcd Inc

Analysis

Abcd Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Abcd Inc reported income of $761k and spending of $778k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $761k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abcd Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Houston House Foundation ($761k), Dr Rafael a Penalver Clinic Inc ($761k) and Eisenhower Memorial Cerebral Palsy Foundation Inc ($761k).

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 $130k (17% of expenses). Other salaries and wages came to $237k. At year end it held assets of $866k against liabilities of $69k, net assets of $797k. It reported 5 employees.