Abundant Blessings Inc

Analysis

Abundant Blessings Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abundant Blessings Inc reported income of $3.0m and spending of $2.8m, spending 94% of its income. The sharpest change came in the year to December 2023, when income rose by 554%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abundant Blessings Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Pleasant Hill Community Development Corporation ($3.0m), Office of Rural and Farmworker Housing ($3.0m) and Chicago Dwellings Association ($3.0m).

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 $226k. At year end it held assets of $744k against liabilities of $529k, net assets of $214k.