Abode Communities

Analysis

Abode Communities is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1972, 54 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 2022, Abode Communities reported income of $32.7m and spending of $19.1m, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $14.1m to $32.7m (+132%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abode Communities sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Cahec Management Inc ($32.4m), Washington & Jane Smith Community- Orland Park ($32.8m) and Dignitymoves ($32.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $845k (4.4% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $71.5m against liabilities of $34.0m, net assets of $37.5m. It reported 211 employees.