Charlottesville Abundant Life Ministries Inc

Analysis

Charlottesville Abundant Life Ministries Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 1997, 29 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, Charlottesville Abundant Life Ministries Inc reported income of $497k and spending of $535k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $497k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charlottesville Abundant Life Ministries Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Boston Avenue Helping Hands Inc ($496k), Nashua Association for the Elderly Inc ($497k) and Care for Friends ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $74k (14% of expenses). Other salaries and wages came to $272k. At year end it held assets of $855k against liabilities of $72k, net assets of $783k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.