Abate of Kansas Inc

Analysis

Abate of Kansas Inc is a registered charity in United States, based in Perry, KS. It received its IRS tax-exemption ruling in June 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abate of Kansas Inc reported income of $265k and spending of $260k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $312k to $265k (-15%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abate of Kansas Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KS. Charities of a similar size with the same main cause include Alabama Small Business Development Initiative ($265k), Boydton Volunteer Fire Department Inc ($265k) and True Texas Education Corporation ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $28k (11% of expenses). At year end it held assets of $406k against liabilities of $31k, net assets of $374k. It reported 1 employees.