Abundance Setting

Analysis

Abundance Setting is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Setting reported income of $88k and spending of $100k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $186k to $88k (-53%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abundance Setting sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Seagoville Senior Citizens Management Company ($88k), Little League Baseball Inc ($88k) and Little League Baseball Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. At year end it held assets of $57k against liabilities of $4,867, net assets of $52k.