Abundance Foundation Inc

Analysis

Abundance Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Abundance Foundation Inc reported income of $544k and spending of $547k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $427k to $544k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abundance Foundation Inc 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 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Swope Ridge Gardens Housing Corporation ($544k), Angel House of Georgia Inc ($544k) and Plano Community Home Phase IV Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $313k (57% of expenses). It paid $17k in professional fundraising fees. At year end it held assets of $19k against liabilities of $1,762, net assets of $17k. It reported 7 employees.