Abc of NC Foundation

Analysis

Abc of NC Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Abc of NC Foundation reported income of $610k and spending of $497k, spending 81% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $843k to $610k (-28%), an average of -7.8% a year. The sharpest change came in the year to May 2020, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abc of NC Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Lakota Youth Development ($610k), Maryland Dental Action Coalition Inc ($610k) and Texas Outpatient & Infusion Center ($610k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 114% of the total. Other salaries and wages came to $162k. At year end it held assets of $7.8m against liabilities of $1.1m, net assets of $6.7m.