Abad Ministries

Analysis

Abad Ministries is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, 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, Abad Ministries reported income of $62k and spending of $65k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $62k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abad Ministries sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Passavant Memorial Homes I Inc ($62k), Project Kare ($62k) and God Works Family Soup Kitchen ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $1,021, net assets of -$1,020.