Abundance Capital

Analysis

Abundance Capital is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Abundance Capital reported income of $1.3m and spending of $237k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $915k to $1.3m (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abundance Capital sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include United Way of Harrison County Inc ($1.3m), West Lakes HWC Inc ($1.3m) and Community Colleges of New Hampshire Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Other salaries and wages came to $156k. At year end it held assets of $1.8m against liabilities of $4,500, net assets of $1.8m.