Budding Abode Inc

Analysis

Budding Abode Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in January 2017, 9 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, Budding Abode Inc reported income of $207k and spending of $191k, spending 92% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $217k to $207k (-4.5%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 54%. 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, Budding Abode Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Charity Home Care Services Inc ($207k), Grandmothers House of San Luis Obispo County ($207k) and Families Helping Families ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $1,319, net assets of $77k.