Abby Kelley Foster House Inc

Analysis

Abby Kelley Foster House Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abby Kelley Foster House Inc reported income of $3.4m and spending of $2.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abby Kelley Foster House Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Tamarisk Inc ($3.4m), Allentown Bnai Brith Housing Corp ($3.4m) and Portland Housing Center ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $253k (9.2% of expenses). Other salaries and wages came to $1.2m. It paid $15k in professional fundraising fees. At year end it held assets of $12.7m against liabilities of $2.7m, net assets of $10.0m. It reported 49 employees.