Abundant Living Adult Day Services Inc

Analysis

Abundant Living Adult Day Services Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Abundant Living Adult Day Services Inc reported income of $429k and spending of $487k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $668k to $429k (-36%), an average of -10% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundant Living Adult Day Services Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Pennridge Fish Organization Inc ($428k), J Street Cup Inc ($429k) and Connellsville Area Community Ministries ($428k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.0% and program service revenue 89% of the total. Other salaries and wages came to $265k. At year end it held assets of $367k against liabilities of $57k, net assets of $310k. It reported 8 employees.