Life in Abundance

Analysis

Life in Abundance is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, Life in Abundance reported income of $207k and spending of $186k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $232k to $207k (-11%), an average of -11% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life in Abundance sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Community & Life Services Inc ($207k), Horizons Unlimited Inc ($207k) and Next Step Recovery Home Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $48k (26% of expenses). Other salaries and wages came to $6,007. At year end it held assets of $116k against liabilities of $4,664, net assets of $111k. It reported 4 employees.