Abbott House

Analysis

Abbott House is a registered charity in United States, based in Irvington, NY. It received its IRS tax-exemption ruling in February 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Abbott House reported income of $65.8m and spending of $59.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $49.1m to $65.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abbott House sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Presbyterian Homes Inc ($65.7m), Envision Unlimited ($66.0m) and Care and Share Inc ($65.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $32.2m. It paid $1,320 in professional fundraising fees. At year end it held assets of $22.3m against liabilities of $15.7m, net assets of $6.6m. It reported 788 employees.