Abbey Road Inc

Analysis

Abbey Road Inc is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abbey Road Inc reported income of $2.7m and spending of $1.6m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $595k to $2.7m (+347%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abbey Road Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include St Joseph Residence Inc ($2.7m), Mission Granbury Inc ($2.7m) and Eagles Wings Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 48% of the total. Other salaries and wages came to $584k. At year end it held assets of $11.3m against liabilities of $11.0m, net assets of $360k.