Austin Serving Abaco Foundation

Analysis

Austin Serving Abaco Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Austin Serving Abaco Foundation reported income of $59k and spending of $76k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $59k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Austin Serving Abaco Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Central States Rotary Youth Exchange Program Inc ($59k), Khalsa Global Reach Inc ($59k) and Asian Mission for Christ ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.