Abundant Life Ministry

Analysis

Abundant Life Ministry is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Abundant Life Ministry reported income of $2.5m and spending of $2.7m, spending 108% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $2.6m to $2.5m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to January 2022, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundant Life Ministry sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Spastic Children S Endowment Foundation ($2.5m), Little Saint Nick Foundation Inc ($2.5m) and Beverlys PGH ($2.5m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $33k (1.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $660k against liabilities of $133k, net assets of $527k. It reported 99 employees.