Abundant Life Foundation

Analysis

Abundant Life Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2007, 19 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, Abundant Life Foundation reported income of $378k and spending of $693k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $675k to $378k (-44%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 523%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundant Life Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Samaritan Counseling Center of the Midsouth ($377k), Mayfield Graves County Senior Citizens ($378k) and Aspire Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m. It reported 1 employees.