Abraxas Alliance Inc

Analysis

Abraxas Alliance Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Abraxas Alliance Inc reported income of $91.0m and spending of $90.7m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $75.7m to $91.0m (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abraxas Alliance Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Presbyterian Homes Housing and Assisted Living Inc ($90.9m), Hosparus Inc ($91.4m) and Aim Services Inc ($90.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $22.1m against liabilities of $11.1m, net assets of $11.0m.