Abundant Life of Perrysburg 2 Inc

Analysis

Abundant Life of Perrysburg 2 Inc is a registered charity in United States, based in Perrysburg, OH. It received its IRS tax-exemption ruling in August 1992, 34 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 November 2023, Abundant Life of Perrysburg 2 Inc reported income of $387k and spending of $460k, spending 119% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $367k to $387k (+5.5%), an average of +1.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abundant Life of Perrysburg 2 Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include St Timothy Park Apartments Inc ($387k), Worthington Christian Village Colony Inc ($387k) and Progressive Hope House Inc ($386k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $78k. At year end it held assets of $1.4m against liabilities of $147k, net assets of $1.3m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.