Abiclinic Corporation

Analysis

Abiclinic Corporation is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover health care, 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 January 2024, Abiclinic Corporation reported income of $86k and spending of $82k, spending 96% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $41k to $86k (+111%), an average of +20% a year. The sharpest change came in the year to January 2024, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abiclinic Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Hands and Voices of Oregon ($86k), Ovarian Cancer Connection ($86k) and 1 Step 2 Fitness ($86k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.