Ab Community

Analysis

Ab Community is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ab Community reported income of $407k and spending of $376k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $88k to $407k (+364%), an average of +116% a year. The sharpest change came in the year to December 2023, when income rose by 578%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ab Community sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Lucy JS Bakery Inc ($407k), Rocky Mountain Asphalt Conference and Equipment Show ($407k) and Southern Maine Workers Center ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $77k. At year end it held assets of $64k against liabilities of $64k, net assets of $0.