Abundant Life Worship Center of Springfield Inc

Analysis

Abundant Life Worship Center of Springfield Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Abundant Life Worship Center of Springfield Inc reported income of $383k and spending of $395k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $592k to $383k (-35%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abundant Life Worship Center of Springfield Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Logos Partnership International ($383k), Liquid Legacy ($383k) and Women Intercessors for the Church and the Nations Wailing Worldwide ($383k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (32% of expenses). At year end it held assets of $12k against liabilities of $2,760, net assets of $9,178. It reported 2 employees.