Abbvie Patient Assistance Foundation

Abbvie Patient Assistance Foundation Overview

Abbvie Patient Assistance Foundation is located in North Chicago, IL. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Abbvie Patient Assistance Foundation generated $139.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.3%) each year. All expenses for the organization totaled $141.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (62.9%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE PHARMACEUTICAL CARE AT NO CHARGE TO ELIGIBLE INDIVIDUALS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $138,949,384
Interest on Savings $4,241
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $138,953,625

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