Absolute Development and Exchange Foundation

Analysis

Absolute Development and Exchange Foundation is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Absolute Development and Exchange Foundation reported income of $152k and spending of $116k, leaving 24% of income unspent that year. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Absolute Development and Exchange Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include St Vincent de Paul Society of Muscoda Inc ($152k), Applied Theatre Center Inc ($152k) and Daisys House ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.