Abundance of Life Temple Ministries

Analysis

Abundance of Life Temple Ministries is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abundance of Life Temple Ministries reported income of $172k and spending of $172k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $172k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abundance of Life Temple Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Rejected Stone Christian Fellowship Inc ($172k), Sierra Vista Bethel Church ($173k) and Faith Baptist Church of Ferndale ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (45% of expenses). At year end it held assets of $188k against liabilities of $47k, net assets of $141k.