Abodesjoy Inc

Analysis

Abodesjoy Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Abodesjoy Inc reported income of $73k and spending of $71k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $122k to $73k (-41%), an average of -41% a year. The sharpest change came in the year to June 2024, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abodesjoy Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Carl Sandburg Parents and Teachers Association ($73k), Pine Crest RHF Housing Inc ($73k) and Boothbay Region Education Foundation ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. At year end it held assets of $8,523 against liabilities of $7,036, net assets of $1,487.