Abingdon Senior Housing Inc

Analysis

Abingdon Senior Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2023, Abingdon Senior Housing Inc reported income of $674k and spending of $798k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $674k (+26%), an average of +5.9% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abingdon Senior Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Ada Homes Inc ($674k), Scholars Inc ($674k) and Catholic Housing Corporation of Schuylkill County ($674k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $194k. At year end it held assets of $5.0m against liabilities of $7.3m, net assets of -$2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.