Abc Charities Inc
- Assets
- $274.1k
- Revenue
- $619.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1982
- Data as of
- 12/2023
- EIN
- 31-1024383
Organization Overview
Abc Charities Inc is located in Indianapolis, IN. The organization was established in 1982. 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. Abc Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Abc Charities Inc generated $619.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $640.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abc Charities Inc has awarded 45 individual grants totaling $5,535,571. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Michael Hockett Director/president | 1 | $0 | |
Judy Hockett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $609,678 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,000 |
| Net Gain on Sale of Assets | $7,065 |
| Capital Gain Net Income | $7,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $619,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139 |
| Depreciation | $10,282 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,436 |
| Printing and publications | $0 |
| Other expenses | $9,869 |
| Total operating and administrative expenses | $25,368 |
| Contributions, gifts, grants paid | $615,087 |
| Total expenses and disbursements | $640,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$17,523 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,645 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $288,945 |
| Other assets | $0 |
| Total assets | $274,067 |
| Accounts payable and accrued expenses | $2,808 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,808 |
Grants Awarded
Over the last fiscal year, Abc Charities Inc has awarded $621,216 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST INTERNATIONAL EVANGELISTIC MINISTRIES PURPOSE: UNRESTRICTED CONTRIBUTION | $3,840 |
BROOKVILLE ROAD COMMUNITY CHURCH PURPOSE: UNRESTRICTED CONTRIBUTION | $119 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: UNRESTRICTED CONTRIBUTION | $25,500 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: UNRESTRICTED CONTRIBUTION | $82,671 |
CHILD LEGACY INTERNATIONAL PURPOSE: UNRESTRICTED CONTRIBUTION | $107,550 |
EMERGING EAGLES PURPOSE: UNRESTRICTED CONTRIBUTION | $6,720 |