Life in Abundance U S

Analysis

Life in Abundance U S is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Life in Abundance U S reported income of $3.3m and spending of $2.8m, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.9m to $3.3m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Life in Abundance U S sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Som Inc ($3.3m), American Society of Health-System Pharmacists Research and Education ($3.3m) and A Time to Revive ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $75k (2.7% of expenses). Other salaries and wages came to $380k. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.6m. It reported 9 employees.