Abch Foundation

Analysis

Abch Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abch Foundation reported income of $4.4m and spending of $1.2m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.7m to $4.4m (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 412%. Over the whole period it spent 15% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abch Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Wish of a Lifetime ($4.4m), Oahe Young Mens Christian ($4.4m) and First Step Home Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $30.7m against liabilities of $840k, net assets of $29.9m.