Abb Foundation Inc
Abb Foundation Inc. reports $0 revenue and assets in its latest filing, raising questions about its operational status.
EIN: 201972930 · Wilton, CT · Updated: 2026-03-28
Is Abb Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abb Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abb Foundation Inc
Abb Foundation Inc (EIN: 201972930) is a nonprofit organization based in Wilton, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abb Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abb Foundation Inc with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Abb Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Abb Foundation Inc. consistently reported 0% officer compensation across all available filings, indicating that no funds were used for executive salaries, which is commendable for a nonprofit of its historical size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abb Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.
- Expenses exceeded revenue in multiple historical periods (e.g., 2011 and 2012), which can be unsustainable long-term.
Strengths
The following positive indicators were identified for Abb Foundation Inc:
- Consistently reported 0% officer compensation across all available filings, indicating efficient use of funds regarding executive salaries.
Frequently Asked Questions about Abb Foundation Inc
Is Abb Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abb Foundation Inc (EIN: 201972930) some concerns. Mission Score: 50/100. 2 red flags identified, 1 strength noted.
How does Abb Foundation Inc spend its money?
Abb Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abb Foundation Inc tax-deductible?
Abb Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201972930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Abb Foundation Inc. still operational given its latest reported $0 revenue and assets?
The latest IRS 990 data shows $0 in both revenue and assets, strongly suggesting the organization may no longer be active or has ceased operations. Further investigation would be needed to confirm its current status.
What caused the significant increase in assets from $29,856 in 2013 to $219,105 in 2014?
The provided data does not specify the reason for this substantial asset increase. It could be due to a large donation, investment gains, or a change in asset classification, but without more detailed filings, the exact cause is unknown.
How did the organization manage to operate with expenses exceeding revenue in multiple periods, such as 2011 and 2012?
Operating with expenses exceeding revenue, as seen in 2011 ($793,127 expenses vs. $683,193 revenue) and 2012 ($619,212 expenses vs. $573,050 revenue), typically means the organization drew down on prior year reserves or received non-revenue contributions not reflected in the 'revenue' line item, or incurred debt.
Filing History
IRS 990 filing history for Abb Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Abb Foundation Inc's revenue has declined by 15%, moving from $683K to $580K. Total assets increased by 701.8% over the same period, from $27K to $219K. Total functional expenses fell by 41.2%, from $793K to $466K. In its most recent filing year (2014), Abb Foundation Inc reported a surplus of $114K, with revenue exceeding expenses. The organization holds $89K in liabilities against $219K in assets (debt-to-asset ratio: 40.7%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2014 | $580K | $466K | $219K | $89K | — | View 990 |
| 2013 | $601K | $567K | $30K | $14K | — | View 990 |
| 2012 | $573K | $619K | $31K | $50K | — | View 990 |
| 2011 | $683K | $793K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $580K, expenses of $466K, and assets of $219K (revenue -3.4% year-over-year).
- 2013: Revenue of $601K, expenses of $567K, and assets of $30K (revenue +4.9% year-over-year).
- 2012: Revenue of $573K, expenses of $619K, and assets of $31K (revenue -16.1% year-over-year).
- 2011: Revenue of $683K, expenses of $793K, and assets of $27K.
Data Sources and Methodology
This transparency report for Abb Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.