Abofrem Area Foundation Inc

Analysis

Abofrem Area Foundation Inc is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Abofrem Area Foundation Inc reported income of $162k and spending of $177k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $197k to $162k (-17%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Abofrem Area Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Sonia Shah Organization ($162k), Least of These Ministries - Guatemala Inc ($162k) and World Affairs Council of St Louis ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2,745 against liabilities of $0, net assets of $2,745.