Abounding Prosperty Inc
Abounding Prosperity Inc. shows strong revenue growth and zero reported officer compensation, but experienced a significant deficit in 2022.
EIN: 203746990 · Dallas, TX · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $6.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $6.3M |
| Transparency Score | 75/100 |
Is Abounding Prosperty Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abounding Prosperty Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abounding Prosperty Inc
Abounding Prosperty Inc (EIN: 203746990) is a nonprofit organization based in Dallas, TX, classified under NTEE code P20. The organization reported total revenue of $7.3M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abounding Prosperty Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abounding Prosperty Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 60.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$75K |
| Total Assets | $7.6M |
| Total Liabilities | $1.2M |
| Net Assets | $6.3M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2023, Abounding Prosperty Inc reported a surplus of $75K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 14 years of filings (2008–2023), Abounding Prosperty Inc's revenue has grown at a compound annual growth rate (CAGR) of 60.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.3% | -35.4% | +21.1% |
| 2022 | -31.7% | +70.5% | -25.5% |
| 2021 | +110.8% | +46.5% | +223.7% |
| 2020 | +87.6% | +68.7% | +139.2% |
| 2019 | +37.3% | +23.5% | +106.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abounding Prosperty Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Abounding Prosperty Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $7 million in revenue and suggests either volunteer leadership or compensation being reported under other expense categories, warranting further investigation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abounding Prosperty Inc's IRS 990 filings:
- Significant deficit in 2022 ($2,140,390 difference between expenses and revenue).
- Sudden appearance of over $1.2 million in liabilities in 2023 after years of reporting $0.
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further scrutiny into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Abounding Prosperty Inc:
- Strong revenue growth over the past decade, from $903,823 in 2014 to $7,323,877 in 2023.
- Positive net income in 2023 ($74,672 surplus) after a deficit in 2022, indicating financial recovery.
- Accumulation of significant assets, reaching $8,212,376, demonstrating financial capacity.
- Consistent reporting of 0% officer compensation, suggesting a focus on minimizing top-level administrative costs.
Frequently Asked Questions about Abounding Prosperty Inc
Is Abounding Prosperty Inc a legitimate charity?
Abounding Prosperty Inc (EIN: 203746990) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.3M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Abounding Prosperty Inc spend its money?
Abounding Prosperty Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Abounding Prosperty Inc tax-deductible?
Abounding Prosperty Inc is registered as a tax-exempt nonprofit (EIN: 203746990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abounding Prosperty Inc CEO make?
Abounding Prosperty Inc's highest-compensated officer earns $7 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Abounding Prosperty Inc's spending goes to programs?
Abounding Prosperty Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abounding Prosperty Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Abounding Prosperty Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abounding Prosperty Inc located?
Abounding Prosperty Inc is headquartered in Dallas, Texas and files with the IRS under EIN 203746990. It is classified under NTEE code P20.
How many years of IRS 990 filings does Abounding Prosperty Inc have?
Abounding Prosperty Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.3M in total revenue.
What caused the significant expense increase and deficit in the 2022 fiscal year?
In 2022, Abounding Prosperity Inc. reported expenses of $10,193,681 against revenues of $8,053,291, resulting in a substantial deficit. The specific reasons for this increase are not detailed in the provided data and would require reviewing the full IRS Form 990 for that period.
How does Abounding Prosperity Inc. manage executive compensation, given the 0% reported?
The consistent reporting of 0% officer compensation across all available filings is notable for an organization with multi-million dollar revenues. This could indicate that leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the expense structure (e.g., as program staff salaries), which would require a deeper dive into the detailed expense schedules.
What is the organization's long-term strategy for managing liabilities, which appeared in 2023?
After several years of reporting $0 in liabilities, Abounding Prosperity Inc. reported $1,246,845 in liabilities in 2023. Understanding the nature of these liabilities and the organization's plan for managing them is crucial for assessing long-term financial stability.
Filing History
IRS 990 filing history for Abounding Prosperty Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2008–2023), Abounding Prosperty Inc's revenue has grown by 119220.3%, moving from $6K to $6.7M. Total assets increased by 2707401.1% over the same period, from $280 to $7.6M. Total functional expenses rose by 119598.2%, from $6K to $6.6M. In its most recent filing year (2023), Abounding Prosperty Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $7.6M in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $6.6M | $7.6M | $1.2M | — | View 990 |
| 2022 | $8.1M | $10.2M | $6.3M | $0 | — | View 990 |
| 2021 | $11.8M | $6.0M | $8.4M | $0 | — | View 990 |
| 2020 | $5.6M | $4.1M | $2.6M | $0 | — | View 990 |
| 2019 | $3.0M | $2.4M | $1.1M | $0 | — | View 990 |
| 2018 | $2.2M | $2.0M | $524K | $0 | — | View 990 |
| 2017 | $1.6M | $1.4M | $313K | $0 | — | View 990 |
| 2016 | $1.3M | $1.3M | $112K | $0 | — | View 990 |
| 2015 | $1.2M | $1.2M | $159K | $0 | — | View 990 |
| 2014 | $904K | $775K | $143K | $0 | — | View 990 |
| 2013 | $810K | $860K | $14K | $0 | — | View 990 |
| 2012 | $530K | $580K | $9K | $14K | — | View 990 |
| 2011 | $229K | $227K | $21K | $19K | — | View 990 |
| 2008 | $6K | $6K | $280 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $6.6M, and assets of $7.6M (revenue -17.3% year-over-year).
- 2022: Revenue of $8.1M, expenses of $10.2M, and assets of $6.3M (revenue -31.7% year-over-year).
- 2021: Revenue of $11.8M, expenses of $6.0M, and assets of $8.4M (revenue +110.8% year-over-year).
- 2020: Revenue of $5.6M, expenses of $4.1M, and assets of $2.6M (revenue +87.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.4M, and assets of $1.1M (revenue +37.3% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.0M, and assets of $524K (revenue +34.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $313K (revenue +28.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $112K (revenue +5.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $159K (revenue +32.2% year-over-year).
- 2014: Revenue of $904K, expenses of $775K, and assets of $143K (revenue +11.5% year-over-year).
- 2013: Revenue of $810K, expenses of $860K, and assets of $14K (revenue +52.8% year-over-year).
- 2012: Revenue of $530K, expenses of $580K, and assets of $9K (revenue +131.5% year-over-year).
- 2011: Revenue of $229K, expenses of $227K, and assets of $21K (revenue +4006.6% year-over-year).
- 2008: Revenue of $6K, expenses of $6K, and assets of $280.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abounding Prosperty Inc:
Data Sources and Methodology
This transparency report for Abounding Prosperty Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.