Abbacare Inc

Analysis

Abbacare Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Abbacare Inc reported income of $683k and spending of $572k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $683k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abbacare Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Angel Flight-Central ($683k), H Foundation ($683k) and Pediatric Cancer Foundation of the Lehigh Valley Inc ($683k).

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 $69k (12% of expenses). Other salaries and wages came to $290k. At year end it held assets of $1.4m against liabilities of $27k, net assets of $1.4m. It reported 19 employees.