Abbey Residences Inc

Analysis

Abbey Residences Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abbey Residences Inc reported income of $118k and spending of $63k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $118k (+3.3%), an average of +3.3% a year. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abbey Residences Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Redwood Area Food Shelf Inc ($118k), Lyn House Inc ($118k) and The Center for Women and Democracy ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $253k against liabilities of $133k, net assets of $120k.