Abby Lane Housing Corporation

Analysis

Abby Lane Housing Corporation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abby Lane Housing Corporation reported income of $5.7m and spending of $4.8m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $5.7m (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abby Lane Housing Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Easton Arts Academy Elementary Charter School ($5.7m), German-American School of Portland ($5.7m) and The Baptist Preparatory School ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $139k. At year end it held assets of $31.4m against liabilities of $29.6m, net assets of $1.8m.