Abbehealth Inc

Analysis

Abbehealth Inc is a registered charity in United States, based in Hiawatha, IA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abbehealth Inc reported income of $1.9m and spending of $582k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $1.9m (+1844%), an average of +110% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abbehealth Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Breath of Life Inc ($1.9m), Uchicago Research International Limited ($1.9m) and Golden State Recuperative Care Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $214k (37% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.1m against liabilities of $9.3m, net assets of $4.9m. It reported 31 employees.