Academic Abundance Inc

Analysis

Academic Abundance Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Academic Abundance Inc reported income of $64k and spending of $73k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73k to $64k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academic Abundance Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Lone Star Golf Association ($64k), Chantilly Montessori PTO ($64k) and Novato Gymnastics Boosters Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $0 against liabilities of $11k, net assets of -$11k. It reported 3 employees.