Abes Garden

Analysis

Abes Garden is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abes Garden reported income of $17.6m and spending of $13.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $17.6m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abes Garden sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include JHL Corporate Services Inc ($17.6m), Mirabella at Asu Inc ($17.6m) and Community Investment Corp ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $547k (4.0% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $46.3m against liabilities of $22.7m, net assets of $23.7m. It reported 304 employees.