Abundant Life Towers II Inc

Analysis

Abundant Life Towers II Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 Towers II Inc reported income of $973k and spending of $930k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $863k to $973k (+13%), an average of +3.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abundant Life Towers II Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Babies & Beyond of Wi Inc ($973k), Boy Scouts of America ($974k) and Four Town First Aid Squad Inc ($973k).

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 $244k. At year end it held assets of $1.3m against liabilities of $2.2m, net assets of -$964k.