Abatix Foundation

Analysis

Abatix Foundation is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Abatix Foundation reported income of $152k and spending of $44k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $152k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abatix Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Kxly Community Partners Foundation ($152k), Shamrock Invitational Inc ($153k) and Bancroft Community Foundation Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $754k against liabilities of $0, net assets of $754k.