Ralph David Abernathy III Foundation Inc

Analysis

Ralph David Abernathy III Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ralph David Abernathy III Foundation Inc reported income of $289k and spending of $96k, leaving 67% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $172k to $289k (+68%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 10% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ralph David Abernathy III Foundation 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 65th percentile within GA. Charities of a similar size with the same main cause include Teach Indy Inc ($289k), Rockaway Borough Education Foundation ($289k) and Pennsbury Scholarship Foundation ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $101k, net assets of $2.1m.