Community Abundant Life Ministries Inc

Analysis

Community Abundant Life Ministries Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2001, 25 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, Community Abundant Life Ministries Inc reported income of $115k and spending of $137k, spending 119% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $292k to $115k (-61%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Abundant Life Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Big Spring Senior Center ($115k), Speed of Change Inc ($115k) and Happy Shoes Project ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

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.