The Abac Advancement Foundation Inc

Analysis

The Abac Advancement Foundation Inc is a registered charity in United States, based in Tifton, GA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Abac Advancement Foundation Inc reported income of $446k and spending of $477k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $431k to $446k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Abac Advancement Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Christian Service Program Institute ($446k), For the Village Inc ($447k) and Eagles Nest Cooperative Day Care Center Inc ($446k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.