Abundantly Blessed Ministries

Analysis

Abundantly Blessed Ministries is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Abundantly Blessed Ministries reported income of $108k and spending of $93k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $108k (-8.7%), an average of -8.7% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abundantly Blessed Ministries sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Casa Blanca Home of Neighborly Service ($108k), Betty Fund-Homes for the Homeless ($109k) and Madaro Family Community Fund ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $207k against liabilities of $96k, net assets of $111k.