Abundant Grace Coastside Worker

Analysis

Abundant Grace Coastside Worker is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in February 2016, 10 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, Abundant Grace Coastside Worker reported income of $894k and spending of $881k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $859k to $894k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundant Grace Coastside Worker sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Agnus Dei Foundation ($894k), Mountain Creek Cottages Operating Corporation ($894k) and Prolove Ministries ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $106k (12% of expenses). Other salaries and wages came to $292k. At year end it held assets of $2.0m against liabilities of $879k, net assets of $1.2m. It reported 8 employees.