Abrams Foundation
Abrams Foundation maintains over $1 million in assets with no reported officer compensation, despite fluctuating annual net income.
EIN: 216016470 · Monroe, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $242K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Abrams Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abrams Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abrams Foundation
Abrams Foundation (EIN: 216016470) is a nonprofit organization based in Monroe, NJ. The organization reported total revenue of $231K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abrams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abrams Foundation is a small nonprofit that has been operating for 73 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $242K |
| Surplus / Deficit | +$39K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 59.8 months |
Financial Health Grade: A
In 2023, Abrams Foundation reported a surplus of $39K with revenue exceeding expenses, holds 59.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Abrams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.0% | +22.4% | +4.2% |
| 2022 | -21.8% | +1.9% | -4.9% |
| 2021 | +32.7% | -7.2% | +0.4% |
| 2020 | -12.9% | -8.9% | -4.3% |
| 2019 | -12.1% | -4.5% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Abrams Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Abrams Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and asset base, and suggests a volunteer-led or very lean operational model.
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 Abrams Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown makes program efficiency difficult to fully assess.
- Expenses frequently exceed revenue in several periods, indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Abrams Foundation:
- Consistent asset base exceeding $1 million, indicating strong financial reserves.
- No reported officer compensation, suggesting a highly volunteer-driven or lean operational model.
- Minimal liabilities ($1) across all filings, indicating excellent financial health and low debt.
- Consistent IRS 990 filing history demonstrates commitment to transparency and compliance.
- Positive net income in the most recent filing (202311), with revenue exceeding expenses.
Frequently Asked Questions about Abrams Foundation
Is Abrams Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Abrams Foundation (EIN: 216016470) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Abrams Foundation spend its money?
Abrams Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abrams Foundation tax-deductible?
Abrams Foundation is registered as a tax-exempt nonprofit (EIN: 216016470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abrams Foundation located?
Abrams Foundation is headquartered in Monroe, New Jersey and files with the IRS under EIN 216016470.
How many years of IRS 990 filings does Abrams Foundation have?
Abrams Foundation has 10 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 $231K in total revenue.
Is Abrams Foundation a good charity?
Based on the provided data, Abrams Foundation exhibits strong financial stability with over $1 million in assets and no reported officer compensation, which is a positive sign for donors. However, without a detailed breakdown of program spending versus administrative and fundraising costs, it's challenging to fully assess its programmatic impact and efficiency.
How does Abrams Foundation manage its expenses?
The foundation's expenses have fluctuated, ranging from $159,485 (201111) to $241,695 (202311). In several periods, expenses exceeded revenue, such as in 202211 ($197,427 expenses vs. $159,510 revenue), suggesting it draws from its substantial asset base to cover operational costs. The consistent $1 liability indicates very low debt.
What is the trend in Abrams Foundation's assets?
The foundation's assets have generally seen a slight decline over the long term, from $1,447,355 in 201111 to $1,204,481 in 202311. However, they have remained consistently above $1 million, indicating a strong financial reserve.
Does Abrams Foundation pay its executives?
No, the IRS 990 data consistently reports 0% officer compensation across all available filings, indicating that the foundation does not pay its executives.
Filing History
IRS 990 filing history for Abrams Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Abrams Foundation's revenue has grown by 60.5%, moving from $175K to $281K. Total assets decreased by 16.8% over the same period, from $1.4M to $1.2M. Total functional expenses rose by 51.5%, from $159K to $242K. In its most recent filing year (2023), Abrams Foundation reported a surplus of $39K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $242K | $1.2M | $1 | — | — |
| 2022 | $160K | $197K | $1.2M | $1 | — | View 990 |
| 2021 | $204K | $194K | $1.2M | $1 | — | View 990 |
| 2020 | $154K | $209K | $1.2M | $1 | — | View 990 |
| 2019 | $176K | $229K | $1.3M | $1 | — | View 990 |
| 2015 | $201K | $240K | $1.3M | $1 | — | View 990 |
| 2014 | $175K | $207K | $1.4M | $1 | — | View 990 |
| 2013 | $131K | $185K | $1.4M | $1 | — | View 990 |
| 2012 | $164K | $163K | $1.4M | $1 | — | View 990 |
| 2011 | $175K | $159K | $1.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $242K, and assets of $1.2M (revenue +76.0% year-over-year).
- 2022: Revenue of $160K, expenses of $197K, and assets of $1.2M (revenue -21.8% year-over-year).
- 2021: Revenue of $204K, expenses of $194K, and assets of $1.2M (revenue +32.7% year-over-year).
- 2020: Revenue of $154K, expenses of $209K, and assets of $1.2M (revenue -12.9% year-over-year).
- 2019: Revenue of $176K, expenses of $229K, and assets of $1.3M (revenue -12.1% year-over-year).
- 2015: Revenue of $201K, expenses of $240K, and assets of $1.3M (revenue +14.9% year-over-year).
- 2014: Revenue of $175K, expenses of $207K, and assets of $1.4M (revenue +33.5% year-over-year).
- 2013: Revenue of $131K, expenses of $185K, and assets of $1.4M (revenue -20.4% year-over-year).
- 2012: Revenue of $164K, expenses of $163K, and assets of $1.4M (revenue -6.0% year-over-year).
- 2011: Revenue of $175K, expenses of $159K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abrams Foundation:
Data Sources and Methodology
This transparency report for Abrams Foundation 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.