Abundant Housing LA Education Fund

Analysis

Abundant Housing LA Education Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2019, 7 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, Abundant Housing LA Education Fund reported income of $984k and spending of $968k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.1m to $984k (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abundant Housing LA Education Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Stryker Housing Development Fund Co Inc ($983k), DGN III Inc ($984k) and Okaloosa Walton Homeless Continuum of Care Opportunity Inc ($983k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. It paid $3,420 in professional fundraising fees. At year end it held assets of $370k against liabilities of $3,484, net assets of $367k. It reported 10 employees.