Abara Inc

Analysis

Abara Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Abara Inc reported income of $934k and spending of $828k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $747k to $934k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abara Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Aberdeen Neighborhood Housing Services ($934k), Hearts Place Services Inc ($934k) and Essex Street Management Incorporated ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $65k (7.9% of expenses). Other salaries and wages came to $259k. At year end it held assets of $368k against liabilities of $27k, net assets of $341k.