Abc Payee Inc

Analysis

Abc Payee Inc is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in July 2014, 12 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 September 2023, Abc Payee Inc reported income of $608k and spending of $582k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $432k to $608k (+41%), an average of +8.9% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abc Payee Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Harlem Independent Living Center Inc ($608k), Lincoln Council on the Aging Inc ($608k) and Transformation Project Inc ($608k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $418k (72% of expenses). Other salaries and wages came to $2,145. At year end it held assets of $225k against liabilities of $0, net assets of $225k. It reported 4 employees.