Abfm Foundation Inc

Analysis

Abfm Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abfm Foundation Inc reported income of $8.9m and spending of $7.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.4m to $8.9m (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abfm Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Catholic Community Service Inc ($8.9m), St Marks Lutheran Home ($8.9m) and Northwest Tennessee Human Resource Agency ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 35% of the total. At year end it held assets of $109.2m against liabilities of $5.5m, net assets of $103.7m.