Abound Food Care

Analysis

Abound Food Care is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Abound Food Care reported income of $3.4m and spending of $3.7m, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $3.4m (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abound Food Care sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Mychals Learning Place ($3.4m), United Way of the Greater Capital Region Inc ($3.4m) and Loaves and Fishes for St Louis Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (3.7% of expenses). Other salaries and wages came to $611k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $634k. It reported 13 employees.