Abax Ventures Inc
Only 0% goes to programs $0 to raise $100 Strong reserves Growing revenue
Abax Ventures Inc is a 501(c)(4) organization based in Washington, District of Columbia, registered in 2024, with $482,060,326 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
1333 New Hampshire Ave Nw Lbby 3, Washington, DC, 20036 EIN 93-2770934 Since 2024
Revenue (FY2024)
$482.1M
▲ 44.6% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$3.2M
Net assets
$960.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating0% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Abax Ventures Inc: 0% to programs · $0 to raise $100 earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating3614 mo reserves · +99% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Abax Ventures Inc: 3614 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Abax Ventures Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Abax Ventures Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Positively influence the long-term future and to promote the welfare of human beings
Contact & location
- Address
- 1333 New Hampshire Ave Nw Lbby 3, Washington, DC, 20036
- City
- Washington
- State
- District of Columbia
- Category
- Public & Societal Benefit
- Subcategory
- Public Benefit Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $333.4M (FY2023) to $482.1M (FY2024) across 2 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $960.0M
Operating margin
99.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$960.0M
Total liabilities
$0
Net assets
$960.0M
Salaries & benefits
$0
0% of expenses
Board members
1
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $482,060,326▲44.6% | $3,187,924▲4861% | $959,968,344▲175% | $959,968,344▲175% | 990 |
| 2023 | $333,394,568 | $64,257 | $349,265,513 | $349,265,513 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul D Keller | President/ceo/director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Iconiq Capital LLC | Investment Management | $1,561,151 |
| Parametric Portfolio Associates LLC | Investment Management | $114,688 |
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Compare Abax Ventures Inc
Frequently asked questions
- Is Abax Ventures Inc a legitimate nonprofit?
- Yes. Abax Ventures Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 93-2770934, based in Washington, District of Columbia.
- What is Abax Ventures Inc's EIN?
- Abax Ventures Inc's Employer Identification Number (EIN) is 93-2770934.
- How much revenue does Abax Ventures Inc report?
- Abax Ventures Inc reported $482,060,326 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Abax Ventures Inc's spending goes to programs?
- Abax Ventures Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Abax Ventures Inc have?
- CharityIndex grades Abax Ventures Inc C, based on program efficiency and fundraising cost.
- How much does Abax Ventures Inc's highest-paid employee make?
- The highest reported compensation on Abax Ventures Inc's latest Form 990 is $0, paid to Paul D Keller (President/ceo/director).
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Data for Abax Ventures Inc (EIN 93-2770934) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.