Abraham Project Inc

Analysis

Abraham Project Inc is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abraham Project Inc reported income of $617k and spending of $472k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $617k (+180%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abraham Project Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Community Outreach Corporation ($617k), Cross Cultural Expressions ($617k) and Changed Lives Christian Center Inc ($617k).

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 $706k against liabilities of $0, net assets of $706k.