Abilene Improvement Corporation

Analysis

Abilene Improvement Corporation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Abilene Improvement Corporation reported income of $967k and spending of $18k, leaving 98% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $967k (-66%), an average of -23% a year. The sharpest change came in the year to September 2021, when income rose by 146248509%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilene Improvement Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Social Capital Inc ($967k), Nupoint Community Development Corporation ($968k) and Whitely Neighborhood Council Inc ($967k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $6.2m against liabilities of $1.0m, net assets of $5.2m.