Abbott House Inc

Analysis

Abbott House Inc is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in November 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abbott House Inc reported income of $8.9m and spending of $9.3m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.0m to $8.9m (+10%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abbott House Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Catholic Charities of Central Florida Inc ($8.9m), Jesus House of Hope Inc ($8.9m) and Community Action Commission of Erie Huron & Richland Counties Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $313k (3.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $11.5m against liabilities of $366k, net assets of $11.1m. It reported 181 employees.