Abba Corporation

Analysis

Abba Corporation is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Abba Corporation reported income of $362k and spending of $364k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $362k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abba Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Sociadade Divinio Espirito Santo de Alvarado ($362k), Leif Hetland Ministries ($363k) and Cedar Rock Ministries Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $197k. At year end it held assets of $422k against liabilities of $3,465, net assets of $418k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.