Abilene Housing Inc

Analysis

Abilene Housing Inc is a registered charity in United States, based in Abilene, KS. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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 September 2023, Abilene Housing Inc reported income of $523k and spending of $546k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $522k to $523k (+0.2%), an average of +0.0% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include St Pius X Housing Inc Dolan Manor ($523k), Norwood Library Association Inc ($523k) and Azteca Economic Development and Preservation Corporation ($523k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $48k (8.8% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.1m against liabilities of $948k, net assets of $1.1m.