Foundation for Abundant Living

Analysis

Foundation for Abundant Living is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 September 2023, Foundation for Abundant Living reported income of $455k and spending of $38k, leaving 92% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $662k to $455k (-31%), an average of -9.0% a year. The sharpest change came in the year to September 2023, when income rose by 68%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Abundant Living sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Valid Vote Inc ($455k), Philadelphia Elks Center of the Improved Benevolent Protective Ord ($455k) and KFK Foundation Inc ($454k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $9.7m against liabilities of $955k, net assets of $8.8m.