I Am Abel Foundation

Analysis

I Am Abel Foundation is a registered charity in United States, based in Flossmoor, IL. It received its IRS tax-exemption ruling in August 2016, 10 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, I Am Abel Foundation reported income of $445k and spending of $423k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $445k (+121%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, I Am Abel Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Ability Center ($445k), Brazilian Womens Group Inc ($446k) and Empowering Parents Kansas City ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (6.1% of expenses). At year end it held assets of $133k against liabilities of $0, net assets of $133k.