Abide Network Inc

Analysis

Abide Network Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, Abide Network Inc reported income of $2.6m and spending of $3.6m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.6m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abide Network Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Detroit Skating Club Inc ($2.6m), National Association of Educational Procurement Inc ($2.6m) and Golden Circle Senior Citizens Council ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $192k (5.4% of expenses). Other salaries and wages came to $977k. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $3.1m. It reported 34 employees.