Historic Abilene Inc

Analysis

Historic Abilene Inc is a registered charity in United States, based in Abilene, KS. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Abilene Inc reported income of $56k and spending of $49k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $118k to $56k (-52%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Abilene Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within KS. Charities of a similar size with the same main cause include Jazz Matters Inc ($56k), New Herring Productions ($56k) and Hawaii Vocal Arts Ensemble ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $237k against liabilities of $3,658, net assets of $233k.