Abundance Living Inc

Analysis

Abundance Living Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2004, 22 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 2022, Abundance Living Inc reported income of $826k and spending of $938k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $746k to $826k (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundance Living Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Barbara Sinatra Childrens Center Foundation ($825k), Hands of Christ a Duluth Cooperative Ministry Inc ($826k) and Freed People ($825k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $561k (60% of expenses). At year end it held assets of $209k against liabilities of $390k, net assets of -$181k.

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.