Abe Charitable Foundation Inc
Abe Charitable Foundation Inc. faces significant financial challenges with consistent deficit spending and declining assets.
EIN: 201650254 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $252K |
| Program Spending | 70% |
| Net Assets | $381K |
| Transparency Score | 40/100 |
Is Abe Charitable Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abe Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Abe Charitable Foundation Inc
Abe Charitable Foundation Inc (EIN: 201650254) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $52K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abe Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abe Charitable Foundation Inc is a micro nonprofit that has been operating for 21 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -14.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $252K |
| Surplus / Deficit | $-193,181 |
| Total Assets | $381K |
| Total Liabilities | $1 |
| Net Assets | $381K |
| Operating Margin | -327.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2015, Abe Charitable Foundation Inc reported a deficit of $193K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Abe Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -26.6% | -28.4% | -33.6% |
| 2014 | -35.9% | -8.7% | -32.1% |
| 2013 | -77.1% | +45.6% | -23.5% |
| 2012 | +387.4% | -21.6% | +34.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abe Charitable Foundation Inc with a Mission Score of 40 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Abe Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $193K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is a positive sign for resource allocation directly to the mission rather than executive salaries.
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 Abe Charitable Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most periods, e.g., 2015 expenses $252,258 vs. revenue $59,077).
- Significant decline in assets from $1,107,213 in 2012 to $100,286 currently.
- Unusual consistent reporting of $1 in liabilities across multiple years.
Strengths
The following positive indicators were identified for Abe Charitable Foundation Inc:
- No officer compensation reported, indicating resources are not being used for executive salaries.
Frequently Asked Questions about Abe Charitable Foundation Inc
Is Abe Charitable Foundation Inc a legitimate charity?
Abe Charitable Foundation Inc (EIN: 201650254) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 40/100. It has 5 years of IRS 990 filings on record. Total revenue: $52K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Abe Charitable Foundation Inc spend its money?
Abe Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Abe Charitable Foundation Inc tax-deductible?
Abe Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201650254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Abe Charitable Foundation Inc's spending goes to programs?
Abe Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Abe Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Abe Charitable Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abe Charitable Foundation Inc located?
Abe Charitable Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201650254. It is classified under NTEE code T20.
How many years of IRS 990 filings does Abe Charitable Foundation Inc have?
Abe Charitable Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $52K in total revenue.
Is Abe Charitable Foundation Inc. financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $252,258 expenses vs. $59,077 revenue in 2015), the organization's current financial model appears unsustainable.
Why have the organization's assets declined so sharply?
Assets have declined from $1,107,213 in 2012 to $100,286 currently, likely due to the organization consistently spending more than it earns, drawing down its reserves.
What is the nature of the $1 liability reported consistently?
The consistent reporting of $1 in liabilities across all periods is unusual and may indicate a specific accounting practice or a lack of significant financial obligations, but it warrants further scrutiny for accuracy.
Filing History
IRS 990 filing history for Abe Charitable Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Abe Charitable Foundation Inc's revenue has declined by 47.4%, moving from $112K to $59K. Total assets decreased by 53.8% over the same period, from $825K to $381K. Total functional expenses fell by 25.4%, from $338K to $252K. In its most recent filing year (2015), Abe Charitable Foundation Inc reported a deficit of $193K, with expenses exceeding revenue. The organization holds $1 in liabilities against $381K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $59K | $252K | $381K | $1 | — | View 990 |
| 2014 | $80K | $352K | $575K | $1 | — | View 990 |
| 2013 | $126K | $386K | $847K | $1 | — | View 990 |
| 2012 | $547K | $265K | $1.1M | $1 | — | View 990 |
| 2011 | $112K | $338K | $825K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $59K, expenses of $252K, and assets of $381K (revenue -26.6% year-over-year).
- 2014: Revenue of $80K, expenses of $352K, and assets of $575K (revenue -35.9% year-over-year).
- 2013: Revenue of $126K, expenses of $386K, and assets of $847K (revenue -77.1% year-over-year).
- 2012: Revenue of $547K, expenses of $265K, and assets of $1.1M (revenue +387.4% year-over-year).
- 2011: Revenue of $112K, expenses of $338K, and assets of $825K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abe Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Abe Charitable 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.