Abud Family Foundation For The Arts
Abud Family Foundation For The Arts maintains robust asset growth and minimal expenses with no executive compensation.
EIN: 10720931 · Princeton, NJ · NTEE: A68 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $168K |
| Total Expenses | $10K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $740,000. |
| Net Assets | $740K |
| Transparency Score | 92/100 |
Is Abud Family Foundation For The Arts Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abud Family Foundation For The Arts directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abud Family Foundation For The Arts
Abud Family Foundation For The Arts (EIN: 10720931) is a nonprofit organization based in Princeton, NJ, classified under NTEE code A68. The organization reported total revenue of $168K and total assets of $904K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abud Family Foundation For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abud Family Foundation For The Arts is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $10K |
| Surplus / Deficit | +$137K |
| Total Assets | $740K |
| Total Liabilities | $1 |
| Net Assets | $740K |
| Operating Margin | 93.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 927.1 months |
Financial Health Grade: A
In 2023, Abud Family Foundation For The Arts reported a surplus of $137K with revenue exceeding expenses, holds 927.1 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), Abud Family Foundation For The Arts's revenue has grown at a compound annual growth rate (CAGR) of 25.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.3% | +170.9% | +22.7% |
| 2022 | +476.9% | +2.8% | +13.4% |
| 2021 | -94.3% | +10.8% | +1.8% |
| 2020 | +1804.2% | -0.4% | +75.9% |
| 2019 | -25.0% | +17.1% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Abud Family Foundation For The Arts with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Abud Family Foundation For The Arts allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets exceeding $740,000.
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.
Strengths
The following positive indicators were identified for Abud Family Foundation For The Arts:
- Consistent asset growth (from $223,803 in 2011 to $740,348 in 2023)
- Extremely low operating expenses (e.g., $9,583 in 2023 against $146,500 revenue)
- No reported officer compensation across all filings
- Minimal liabilities (consistently reported as $1)
- High financial efficiency and strong program focus implied by low overhead
Frequently Asked Questions about Abud Family Foundation For The Arts
Is Abud Family Foundation For The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Abud Family Foundation For The Arts (EIN: 10720931) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Abud Family Foundation For The Arts spend its money?
Abud Family Foundation For The Arts directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abud Family Foundation For The Arts tax-deductible?
Abud Family Foundation For The Arts is registered as a tax-exempt nonprofit (EIN: 10720931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abud Family Foundation For The Arts CEO make?
Abud Family Foundation For The Arts's highest-compensated officer earns $740,000. annually. The organization reported $168K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Abud Family Foundation For The Arts compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Abud Family Foundation For The Arts is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abud Family Foundation For The Arts located?
Abud Family Foundation For The Arts is headquartered in Princeton, New Jersey and files with the IRS under EIN 10720931. It is classified under NTEE code A68.
How many years of IRS 990 filings does Abud Family Foundation For The Arts have?
Abud Family Foundation For The Arts 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 $168K in total revenue.
Is Abud Family Foundation For The Arts a good charity?
Based on its financial data, the Abud Family Foundation For The Arts appears to be a very good charity. It demonstrates exceptional financial health with growing assets, minimal liabilities, and extremely low operating expenses, including no executive compensation. This suggests a highly efficient and mission-focused operation.
How does the foundation manage to operate with such low expenses?
The foundation likely operates with a significant reliance on volunteer efforts for its administration and potentially direct grants or scholarships that do not incur substantial overhead. The consistent reporting of $0 for officer compensation strongly supports this lean operational model.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong and consistent upward trend, growing from $223,803 in 2011 to $740,348 in 2023, indicating effective financial management and accumulation of resources for its mission.
Does the foundation spend a lot on fundraising?
Given the extremely low overall expenses (e.g., $9,583 in 2023 against $146,500 revenue), it is highly unlikely that the foundation spends a significant amount on fundraising. Most of its revenue appears to be retained or directly applied to its mission with minimal overhead.
Filing History
IRS 990 filing history for Abud Family Foundation For The Arts showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Abud Family Foundation For The Arts's revenue has grown by 1387.3%, moving from $10K to $147K. Total assets increased by 230.8% over the same period, from $224K to $740K. Total functional expenses rose by 110.1%, from $5K to $10K. In its most recent filing year (2023), Abud Family Foundation For The Arts reported a surplus of $137K, with revenue exceeding expenses. The organization holds $1 in liabilities against $740K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $740K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $10K | $740K | $1 | — | View 990 |
| 2022 | $75K | $4K | $603K | $1 | — | View 990 |
| 2021 | $13K | $3K | $532K | $1 | — | View 990 |
| 2020 | $229K | $3K | $522K | $1 | — | View 990 |
| 2019 | $12K | $3K | $297K | $1 | — | View 990 |
| 2015 | $16K | $3K | $256K | $1 | — | View 990 |
| 2014 | $12K | $12K | $242K | $1 | — | View 990 |
| 2013 | $10K | $7K | $242K | $1 | — | View 990 |
| 2012 | $21K | $7K | $238K | $1 | — | View 990 |
| 2011 | $10K | $5K | $224K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $10K, and assets of $740K (revenue +95.3% year-over-year).
- 2022: Revenue of $75K, expenses of $4K, and assets of $603K (revenue +476.9% year-over-year).
- 2021: Revenue of $13K, expenses of $3K, and assets of $532K (revenue -94.3% year-over-year).
- 2020: Revenue of $229K, expenses of $3K, and assets of $522K (revenue +1804.2% year-over-year).
- 2019: Revenue of $12K, expenses of $3K, and assets of $297K (revenue -25.0% year-over-year).
- 2015: Revenue of $16K, expenses of $3K, and assets of $256K (revenue +32.2% year-over-year).
- 2014: Revenue of $12K, expenses of $12K, and assets of $242K (revenue +18.7% year-over-year).
- 2013: Revenue of $10K, expenses of $7K, and assets of $242K (revenue -51.5% year-over-year).
- 2012: Revenue of $21K, expenses of $7K, and assets of $238K (revenue +113.2% year-over-year).
- 2011: Revenue of $10K, expenses of $5K, and assets of $224K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abud Family Foundation For The Arts:
Data Sources and Methodology
This transparency report for Abud Family Foundation For The Arts 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.