Abaco Rescue Fund Non-Profit Corporation

Analysis

Abaco Rescue Fund Non-Profit Corporation is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Abaco Rescue Fund Non-Profit Corporation reported income of $132k and spending of $92k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $920k to $132k (-86%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Abaco Rescue Fund Non-Profit Corporation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include The Church Creek Volunteer Fire Co Inc ($132k), Johnson Siding-Big Bend Fire Department Route 1 ($132k) and Ventura Fire Foundation Inc ($132k).

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 $120k against liabilities of $0, net assets of $120k.