Abundance Foundation

Analysis

Abundance Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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, Abundance Foundation reported income of $8.5m and spending of $530k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $8.5m (+735%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 1301%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abundance Foundation sits at the 95th 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 National Judicial College ($8.5m), McAuley Hall Inc ($8.5m) and Federation of Virginia Food Banks ($8.5m).

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 $246k (46% of expenses). Other salaries and wages came to $7,973. At year end it held assets of $8.2m against liabilities of $41k, net assets of $8.1m. It reported 2 employees.