Abeona House
Abeona House shows consistent growth and strong financial transparency with no reported officer compensation.
EIN: 204198413 · New Orleans, LA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $491K |
| Transparency Score | 92/100 |
Is Abeona House Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abeona House directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abeona House
Abeona House (EIN: 204198413) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B21. The organization reported total revenue of $1.7M and total assets of $387K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abeona House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abeona House is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-24,863 |
| Total Assets | $518K |
| Total Liabilities | $27K |
| Net Assets | $491K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Abeona House reported a deficit of $25K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Abeona House's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | +53.8% | -7.6% |
| 2022 | +33.7% | +27.5% | +60.2% |
| 2021 | +66.3% | +26.5% | +94.4% |
| 2020 | -14.0% | -10.8% | +42.1% |
| 2019 | +0.6% | +6.3% | -25.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abeona House with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Abeona House allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Abeona House consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other categories, though the 0% figure is a strong positive for transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Abeona House:
- Consistent revenue and asset growth, indicating expanding operations (Revenue from $386,222 in 2016 to $1,684,885 in 2023).
- 0% reported officer compensation across all filings, demonstrating a strong commitment to directing funds to the mission.
- Consistent filing of IRS 990s over 14 periods, indicating strong transparency and compliance.
- Healthy asset base relative to liabilities, with assets of $518,181 and liabilities of $26,965 in 2023.
- Efficient spending with a high proportion of funds likely directed towards program services, given the lack of executive compensation.
Frequently Asked Questions about Abeona House
Is Abeona House a legitimate charity?
Abeona House (EIN: 204198413) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Abeona House spend its money?
Abeona House directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Abeona House tax-deductible?
Abeona House is registered as a tax-exempt nonprofit (EIN: 204198413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Abeona House's spending goes to programs?
Abeona House directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abeona House compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Abeona House is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abeona House located?
Abeona House is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204198413. It is classified under NTEE code B21.
How many years of IRS 990 filings does Abeona House have?
Abeona House has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Abeona House a good charity?
Based on the available IRS 990 data, Abeona House appears to be a good charity. It demonstrates strong financial transparency with consistent filings and 0% reported officer compensation. Its revenue and assets have shown consistent growth, indicating a stable and expanding operation. The organization's NTEE code B21 (Child Day Care) suggests a direct service mission, and the financial data supports efficient use of funds.
How has Abeona House's financial health changed over time?
Abeona House has shown significant financial growth. Revenue increased from $386,222 in 2016 to $1,684,885 in 2023, and assets grew from $141,288 to $518,181 in the same period. This indicates a healthy expansion of its operations and financial capacity.
What is Abeona House's approach to executive compensation?
Abeona House consistently reports 0% officer compensation in all available filings. This suggests a highly volunteer-driven leadership or that executive roles are compensated through other means not categorized as 'officer compensation' on the 990, but the direct reporting indicates no direct officer salaries.
Filing History
IRS 990 filing history for Abeona House showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Abeona House's revenue has grown by 450.6%, moving from $306K to $1.7M. Total assets increased by 852.2% over the same period, from $54K to $518K. Total functional expenses rose by 467.7%, from $301K to $1.7M. In its most recent filing year (2023), Abeona House reported a deficit of $25K, with expenses exceeding revenue. The organization holds $27K in liabilities against $518K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $491K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $518K | $27K | — | — |
| 2022 | $1.4M | $1.1M | $561K | $45K | — | View 990 |
| 2021 | $1.0M | $871K | $350K | $116K | — | View 990 |
| 2020 | $626K | $689K | $180K | $116K | — | View 990 |
| 2019 | $729K | $772K | $127K | $0 | — | View 990 |
| 2018 | $724K | $726K | $171K | $307 | — | View 990 |
| 2017 | $704K | $674K | $172K | $0 | — | View 990 |
| 2016 | $386K | $368K | $141K | $0 | — | View 990 |
| 2015 | $674K | $671K | $129K | $6K | — | View 990 |
| 2014 | $704K | $644K | $135K | $7K | — | View 990 |
| 2013 | $599K | $595K | $79K | $11K | — | View 990 |
| 2012 | $560K | $581K | $74K | $32K | — | View 990 |
| 2011 | $342K | $324K | $73K | $20K | — | — |
| 2010 | $306K | $301K | $54K | $18K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $518K (revenue +21.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $561K (revenue +33.7% year-over-year).
- 2021: Revenue of $1.0M, expenses of $871K, and assets of $350K (revenue +66.3% year-over-year).
- 2020: Revenue of $626K, expenses of $689K, and assets of $180K (revenue -14.0% year-over-year).
- 2019: Revenue of $729K, expenses of $772K, and assets of $127K (revenue +0.6% year-over-year).
- 2018: Revenue of $724K, expenses of $726K, and assets of $171K (revenue +2.8% year-over-year).
- 2017: Revenue of $704K, expenses of $674K, and assets of $172K (revenue +82.4% year-over-year).
- 2016: Revenue of $386K, expenses of $368K, and assets of $141K (revenue -42.7% year-over-year).
- 2015: Revenue of $674K, expenses of $671K, and assets of $129K (revenue -4.3% year-over-year).
- 2014: Revenue of $704K, expenses of $644K, and assets of $135K (revenue +17.7% year-over-year).
- 2013: Revenue of $599K, expenses of $595K, and assets of $79K (revenue +6.9% year-over-year).
- 2012: Revenue of $560K, expenses of $581K, and assets of $74K (revenue +63.7% year-over-year).
- 2011: Revenue of $342K, expenses of $324K, and assets of $73K (revenue +11.7% year-over-year).
- 2010: Revenue of $306K, expenses of $301K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abeona House:
Data Sources and Methodology
This transparency report for Abeona House is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.