Abg Wellness Group Inc

Analysis

Abg Wellness Group Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abg Wellness Group Inc reported income of $4.2m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abg Wellness Group Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Celiac Disease Foundation ($4.2m), Kansas City Hospice Foundation ($4.2m) and Choices Pregnancy Centers of Greater Phoenix Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $451k (11% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $1.5m against liabilities of $109k, net assets of $1.4m. It reported 48 employees.