Abundant Education

Analysis

Abundant Education is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education reported income of $283k and spending of $239k, spending 85% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $186k to $283k (+52%), an average of +52% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abundant Education sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Buffalo Christian School ($283k), Womens Leadership Alliance Inc ($283k) and Alameda County Library Foundation ($283k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $56k (23% of expenses). Other salaries and wages came to $56k. At year end it held assets of $113k against liabilities of $5,500, net assets of $108k. It reported 4 employees.