Center of More Abundant Life Inc

Analysis

Center of More Abundant Life Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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 December 2023, Center of More Abundant Life Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+4.6%), an average of +1.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center of More Abundant Life Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), National Church Residences ($1.2m) and Harlem Commonwealth Council Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $315k. At year end it held assets of $1.4m against liabilities of $3.5m, net assets of -$2.0m.