Abltc Foundation Inc

Analysis

Abltc Foundation Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Abltc Foundation Inc reported income of $61k and spending of $72k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $61k (+28%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abltc Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within RI. Charities of a similar size with the same main cause include Wyckoff Education Foundation Inc ($61k), TVL 11 Foundation Inc ($61k) and Gahanna Rotary Foundation ($61k).

At year end it held assets of $8,418 against liabilities of $3,252, net assets of $5,166.