Abbott House Foundation

Analysis

Abbott House Foundation is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in October 1985, 41 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 December 2023, Abbott House Foundation reported income of $2.9m and spending of $2.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.9m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 255%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abbott House Foundation 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 89th percentile, and in the 88th percentile within SD. Charities of a similar size with the same main cause include Christian Homes of Abilene ($2.9m), Iowa River Hospice Inc ($2.9m) and New Life Furniture Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $7.9m against liabilities of $0, net assets of $7.9m.