Abbey RHF Housing Inc

Analysis

Abbey RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Abbey RHF Housing Inc reported income of $484k and spending of $612k, spending 127% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $451k to $484k (+7.3%), an average of +1.8% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abbey RHF Housing Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Taylorsville Senior Housing Corporation ($484k), Ameriserve Housing Inc ($484k) and The Salvation Army El Sobrante Residences Inc ($483k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $2.0m against liabilities of $3.3m, net assets of -$1.3m.

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.