Abounding Prosperty Inc

Analysis

Abounding Prosperty Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Abounding Prosperty Inc reported income of $6.7m and spending of $6.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $6.7m (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abounding Prosperty Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Hamilton Young Mens Christian Association ($6.7m), Keystone Adolescent Center Inc ($6.7m) and Child Day Care Association of Saint Louis ($6.7m).

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 $255k (3.9% of expenses). Other salaries and wages came to $2.3m. It paid $9,455 in professional fundraising fees. At year end it held assets of $7.6m against liabilities of $1.2m, net assets of $6.3m. It reported 38 employees.