Quick charity verification for Abounding Service Inc (EIN: 200602159)
Verdict: Abounding Service Inc appears trustworthy
92/100Mission Score
$183KRevenue
$199KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net income, e.g., $28,449 surplus in 2023.
Zero reported liabilities across all filings, indicating strong financial stability.
No officer compensation reported, maximizing funds for programmatic activities.
Healthy growth in assets from $74,031 in 2018 to $174,778 in 2023.
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Spending Breakdown
How Abounding Service Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Abounding Service Inc
Is Abounding Service Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abounding Service Inc (EIN: 200602159) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Abounding Service Inc a good charity to donate to?
Abounding Service Inc has a Mission Score of 92/100. Revenue: $183K. Assets: $199K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abounding Service Inc?
The Employer Identification Number (EIN) for Abounding Service Inc is 200602159. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Abounding Service Inc spend its money?
Abounding Service Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abounding Service Inc's tax-exempt status?
You can verify Abounding Service Inc's tax-exempt status using EIN 200602159 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Abounding Service Inc demonstrates consistent financial health with a positive net income in most recent years. For example, in 2023, revenue was $185,196 against expenses of $156,747, resulting in a surplus. The organization has maintained a healthy asset base, growing from $74,031 in 2018 to $174,778 in 2023, with no reported liabilities, indicating strong financial management and solvency. Spending efficiency appears to be good, especially given the consistent program focus implied by the NTEE code B21 (Adult Education Programs). The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which can significantly reduce administrative overhead and maximize funds for programs. This practice enhances the organization's financial efficiency and transparency, as resources are directly channeled to its mission rather than executive salaries. The consistent filing of IRS Form 990s over seven periods also reflects a commitment to transparency and regulatory compliance.