Heather Abbott Foundation

Analysis

Heather Abbott Foundation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 2015, 11 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 2024, Heather Abbott Foundation reported income of $363k and spending of $441k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $280k to $363k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heather Abbott Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within RI. Charities of a similar size with the same main cause include Shawano County Job Center Inc ($363k), Community Foundation of the Klamathbasin ($363k) and Atlanta Hawks Foundation Inc ($362k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 106% of the total. At year end it held assets of $785k against liabilities of $0, net assets of $785k.