Abaco Strong Inc

Analysis

Abaco Strong Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Strong Inc reported income of $514k and spending of $404k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $514k (+96%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Abaco Strong Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include If Not Now Education Fund ($514k), 4 D Ministries ($515k) and Embrace Global ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $235k against liabilities of $5,097, net assets of $230k.