Abaco Foundation

Analysis

Abaco Foundation is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2020, 6 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 2022, Abaco Foundation reported income of $83k and spending of $234k, spending 283% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $407k to $83k (-80%), an average of -41% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 95% 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 Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Bike-Walk Alliance of New Hampshire ($83k), K9 Officers Inc ($83k) and Cleveland Rural Fire Department Inc ($83k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.