Frederick B Abramson Inc

Analysis

Frederick B Abramson Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 2023, Frederick B Abramson Inc reported income of $293k and spending of $326k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $274k to $293k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick B Abramson Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 35th percentile within DC. Charities of a similar size with the same main cause include Atchison County Multi-Purpose Center ($293k), Emergency Nurses Association ($293k) and Sikh Foundation of Virginia ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $83k (25% of expenses). Other salaries and wages came to $38k. At year end it held assets of $848k against liabilities of $331k, net assets of $517k. It reported 3 employees.