Abiding Above Ministries Inc

Analysis

Abiding Above Ministries Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Abiding Above Ministries Inc reported income of $322k and spending of $276k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $340k to $322k (-5.3%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abiding Above Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Eddrick High Ministries Inc ($322k), Mission Delafe Inc ($322k) and Massachusetts Baptist Multicultural Ministries Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (34% of expenses). Other salaries and wages came to $26k. At year end it held assets of $365k against liabilities of $938, net assets of $364k. It reported 2 employees.