Abell-hanger Foundation
Only null% goes to programs Strong reserves Growing revenue
Abell-hanger Foundation is a 501(c)(3) organization based in Midland, Texas, registered in 1955, with $15,726,160 in FY2024 revenue. CharityIndex grades it B.
112 Corporate Dr, Midland, TX, 79705 EIN 75-6020781 Since 1955
Revenue (FY2024)
$15.7M
▲ 0.7% vs prior year
Education median: $200K
Expenses (FY2024)
$14.9M
Net assets
$134.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Abell-hanger Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating108 mo reserves · +5% 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 Abell-hanger Foundation: 108 mo reserves · +5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Abell-hanger Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Abell-hanger Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 112 Corporate Dr, Midland, TX, 79705
- City
- Midland
- State
- Texas
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $10.9M (FY2017) to $15.7M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $12Net assets $134.7M
Operating margin
5.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$134.7M
Total liabilities
$12
Net assets
$134.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $15,726,160▲0.7% | $14,913,166▲10.4% | $134,687,969▲0.6% | $134,687,981▲0.6% | 990PF |
| 2023 | $15,622,582▲23.5% | $13,502,458▲21.7% | $133,874,975▲1.6% | $133,874,975▲1.6% | 990PF |
| 2022 | $12,645,800▲3.1% | $11,092,084▲5.3% | $131,754,851▲1.2% | $131,754,851▲1.2% | 990PF |
| 2021 | $12,262,823▲44.7% | $10,529,834▲20.5% | $130,201,135▲1.3% | $130,201,135▲1.3% | 990PF |
| 2020 | $8,477,164▼5.4% | $8,735,183▼24.6% | $128,468,146▼0.2% | $128,468,146▼0.2% | 990PF |
| 2019 | $8,959,280▼12.6% | $11,590,459▲28.4% | $128,726,165▼2.0% | $128,726,165▼2.0% | 990PF |
| 2018 | $10,250,974▼5.5% | $9,025,863▼15.0% | $131,357,344▲0.9% | $131,357,344▲0.9% | 990PF |
| 2017 | $10,851,731 | $10,621,806 | $130,132,233 | $130,132,233 | 990PF |
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.
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Frequently asked questions
- Is Abell-hanger Foundation a legitimate nonprofit?
- Yes. Abell-hanger Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-6020781, based in Midland, Texas. Donations are tax-deductible.
- What is Abell-hanger Foundation's EIN?
- Abell-hanger Foundation's Employer Identification Number (EIN) is 75-6020781.
- How much revenue does Abell-hanger Foundation report?
- Abell-hanger Foundation reported $15,726,160 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Abell-hanger Foundation have?
- CharityIndex grades Abell-hanger Foundation B, based on financial health (reserves and operating margin).
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Data for Abell-hanger Foundation (EIN 75-6020781) 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.