Abc-123 Inc

Analysis

Abc-123 Inc is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abc-123 Inc reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abc-123 Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include National Alliance for Childrens Grief ($1.2m), Love Out Loud ($1.2m) and International Adoption Net ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Other salaries and wages came to $719k. At year end it held assets of $437k against liabilities of $3,404, net assets of $434k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.