Life Abundant Inc

Analysis

Life Abundant Inc is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in July 1983, 43 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, Life Abundant Inc reported income of $176k and spending of $134k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $176k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Abundant Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Fbi National Academy Associates Inc ($176k), Plainsboro Rescue Squad Inc ($176k) and Trustees of Purdue University ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $186k against liabilities of $2,958, net assets of $183k.