Abode Inc

Analysis

Abode Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 June 2024, Abode Inc reported income of $171k and spending of $185k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $159k to $171k (+7.4%), an average of +1.8% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 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 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Green Envelope Fund ($171k), Little League Baseball Inc ($171k) and Project Refit ($171k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $210k against liabilities of $17k, net assets of $193k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.