Abundant Life Corp Inc

Analysis

Abundant Life Corp Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in June 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 (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, Abundant Life Corp Inc reported income of $130k and spending of $69k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $121k to $130k (+6.8%), an average of +3.3% a year. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abundant Life Corp 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 44th percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Roosevelt Inc ($130k), Ocof Nonprofit Housing Corporation ($130k) and Her Place ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.