Abeona House

Analysis

Abeona House is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Abeona House reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $729k to $1.7m (+131%), an average of +23% a year. The sharpest change came in the year to July 2021, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abeona House sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include National Center for Higher Education Management Systems ($1.7m), Imagine Hill Avenue ($1.7m) and Yeshiva Talpiot Inc ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $171k (10.0% of expenses). Other salaries and wages came to $946k. At year end it held assets of $518k against liabilities of $27k, net assets of $491k. It reported 60 employees.