Abundant Life Wa

Analysis

Abundant Life Wa is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in August 2017, 9 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, Abundant Life Wa reported income of $972k and spending of $657k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $972k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundant Life Wa sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Ven Da Tu Mano Fundacion Inc ($972k), Youth Alternative Home Association ($972k) and Wellness in Action ($972k).

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 $61k (9.4% of expenses). Other salaries and wages came to $109k. At year end it held assets of $397k against liabilities of $9,581, net assets of $387k. It reported 6 employees.