The Abana Foundation

Analysis

The Abana Foundation is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Abana Foundation reported income of $105k and spending of $49k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $105k (+54%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Abana Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Miracle Michael Fund ($105k), FBT for a Brighter Tomorrow Charitable Fund Inc ($105k) and Tempe Union High Schools Education Foundation Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.