Abigails Place

Analysis

Abigails Place is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in March 2016, 10 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 (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, Abigails Place reported income of $758k and spending of $187k, leaving 75% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $194k to $758k (+291%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abigails Place sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Creek Nation Indian Village Corp ($758k), Wesley-Asbury Inc ($758k) and Telacu Housing-Los Angeles Inc ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $113k (61% of expenses). At year end it held assets of $1.2m against liabilities of -$4,043, net assets of $1.2m. It reported 2 employees.