Bruce C Abrams Family Foundation
Bruce C Abrams Family Foundation consistently spends more than it earns, drawing down its substantial asset base.
EIN: 141917252 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $817K |
| Total Expenses | $361K |
| Program Spending | 90% |
| Net Assets | $2.7M |
| Transparency Score | 85/100 |
Is Bruce C Abrams Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bruce C Abrams Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bruce C Abrams Family Foundation
Bruce C Abrams Family Foundation (EIN: 141917252) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $817K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bruce C Abrams Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bruce C Abrams Family Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $361K |
| Surplus / Deficit | $-151,361 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -72.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 88.2 months |
Financial Health Grade: B
In 2023, Bruce C Abrams Family Foundation reported a deficit of $151K with expenses exceeding revenue, holds 88.2 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), Bruce C Abrams Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +28.3% | -5.4% |
| 2022 | +17.3% | +22.7% | -2.7% |
| 2021 | +20.2% | -36.1% | -1.9% |
| 2020 | -50.6% | +22.5% | -6.8% |
| 2019 | -67.5% | +97.6% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Bruce C Abrams Family 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, Bruce C Abrams Family 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 deficit of $151K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filing periods, indicating that no salaries or other compensation are paid to officers, which is highly efficient for a foundation of this 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 Bruce C Abrams Family Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years, leading to asset drawdown.
- Lack of detailed expense breakdown beyond total expenses makes it difficult to precisely evaluate program vs. administrative spending.
Strengths
The following positive indicators were identified for Bruce C Abrams Family Foundation:
- Substantial asset base ($2,656,087 in 202312) provides long-term stability.
- 0% officer compensation reported across all filings, indicating high efficiency in executive overhead.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
- As a private foundation, its primary function is grantmaking, which is inherently programmatic.
Frequently Asked Questions about Bruce C Abrams Family Foundation
Is Bruce C Abrams Family Foundation a legitimate charity?
Bruce C Abrams Family Foundation (EIN: 141917252) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $817K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bruce C Abrams Family Foundation spend its money?
Bruce C Abrams Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bruce C Abrams Family Foundation tax-deductible?
Bruce C Abrams Family Foundation is registered as a tax-exempt nonprofit (EIN: 141917252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bruce C Abrams Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bruce C Abrams Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bruce C Abrams Family Foundation located?
Bruce C Abrams Family Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 141917252. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bruce C Abrams Family Foundation have?
Bruce C Abrams Family 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 $817K in total revenue.
Is the Bruce C Abrams Family Foundation financially sustainable given its spending patterns?
While the foundation has consistently spent more than its revenue in recent years (e.g., $361,459 expenses vs. $210,098 revenue in 202312), its substantial asset base of $2,656,087 provides a significant buffer, suggesting sustainability for the foreseeable future, though assets are gradually declining.
What is the primary activity of this organization?
Based on the NTEE code T20 (Private Grantmaking Foundations) and the financial patterns, the primary activity of the Bruce C Abrams Family Foundation is grantmaking to other organizations or individuals.
How does the lack of officer compensation impact the foundation?
The consistent 0% officer compensation across all filings indicates that the foundation operates with extremely low, if any, executive overhead, allowing a greater proportion of its funds to be directed towards its grantmaking mission.
Filing History
IRS 990 filing history for Bruce C Abrams Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bruce C Abrams Family Foundation's revenue has grown by 280.9%, moving from $55K to $210K. Total assets increased by 77.8% over the same period, from $1.5M to $2.7M. Total functional expenses rose by 234.3%, from $108K to $361K. In its most recent filing year (2023), Bruce C Abrams Family Foundation reported a deficit of $151K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $361K | $2.7M | $1 | — | — |
| 2022 | $205K | $282K | $2.8M | $1 | — | View 990 |
| 2021 | $175K | $230K | $2.9M | $1 | — | View 990 |
| 2020 | $145K | $359K | $2.9M | $1 | — | View 990 |
| 2019 | $294K | $293K | $3.2M | $1 | — | View 990 |
| 2015 | $906K | $148K | $2.4M | $1 | — | View 990 |
| 2014 | $66K | $133K | $1.8M | $1 | — | View 990 |
| 2013 | $690K | $110K | $1.9M | $1 | — | View 990 |
| 2012 | $51K | $114K | $1.4M | $1 | — | View 990 |
| 2011 | $55K | $108K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $361K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2022: Revenue of $205K, expenses of $282K, and assets of $2.8M (revenue +17.3% year-over-year).
- 2021: Revenue of $175K, expenses of $230K, and assets of $2.9M (revenue +20.2% year-over-year).
- 2020: Revenue of $145K, expenses of $359K, and assets of $2.9M (revenue -50.6% year-over-year).
- 2019: Revenue of $294K, expenses of $293K, and assets of $3.2M (revenue -67.5% year-over-year).
- 2015: Revenue of $906K, expenses of $148K, and assets of $2.4M (revenue +1272.8% year-over-year).
- 2014: Revenue of $66K, expenses of $133K, and assets of $1.8M (revenue -90.4% year-over-year).
- 2013: Revenue of $690K, expenses of $110K, and assets of $1.9M (revenue +1253.5% year-over-year).
- 2012: Revenue of $51K, expenses of $114K, and assets of $1.4M (revenue -7.5% year-over-year).
- 2011: Revenue of $55K, expenses of $108K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bruce C Abrams Family Foundation:
Data Sources and Methodology
This transparency report for Bruce C Abrams Family 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.