Abode Property Management

Analysis

Abode Property Management is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in April 1980, 46 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 June 2023, Abode Property Management reported income of $8.3m and spending of $8.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $8.3m (+130%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abode Property Management sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Virginia Baptist Homes Inc ($8.3m), The Martin and Edith Stein Assisted Living Residence Inc ($8.3m) and Chemung View Housing Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 69% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $21.4m against liabilities of $16.9m, net assets of $4.5m.