Abiqua School Foundation

Analysis

Abiqua School Foundation is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abiqua School Foundation reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $3.6m (+42%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abiqua School Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Step Denver ($3.6m), Bozeman Library Friends and Foundation ($3.6m) and Laurens Senior Pioneers Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $255k (7.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.4m against liabilities of $2.3m, net assets of $1.1m. It reported 72 employees.