Abounding Service Inc
Abounding Service Inc consistently operates with a surplus and no executive compensation, demonstrating strong financial health.
EIN: 200602159 · Chandler, AZ · NTEE: B21 · Updated: 2026-03-28
Is Abounding Service Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abounding Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abounding Service Inc
Abounding Service Inc (EIN: 200602159) is a nonprofit organization based in Chandler, AZ, classified under NTEE code B21. The organization reported total revenue of $183K and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abounding Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abounding Service Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $157K |
| Surplus / Deficit | +$28K |
| Total Assets | $175K |
| Net Assets | $175K |
| Operating Margin | 15.4% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Abounding Service Inc reported a surplus of $28K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2015–2023), Abounding Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -14.7% | +19.4% |
| 2022 | +22.0% | +26.5% | -3.3% |
| 2021 | -9.9% | +40.2% | +0.8% |
| 2020 | +61.4% | -14.6% | +102.9% |
| 2018 | +99.2% | +17.0% | -21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Service Inc with a Mission Score of 92 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Abounding Service Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Abounding Service Inc:
- 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.
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 legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Abounding Service Inc spend its money?
Abounding Service Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abounding Service Inc tax-deductible?
Abounding Service Inc is registered as a tax-exempt nonprofit (EIN: 200602159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Abounding Service Inc a good charity?
Based on the financial data, Abounding Service Inc appears to be a good charity. It consistently operates with a surplus, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds for its mission.
How has Abounding Service Inc's financial health changed over time?
Abounding Service Inc has shown consistent growth in revenue and assets over the years. Revenue increased from $50,526 in 2017 to $185,196 in 2023, and assets grew from $74,031 in 2018 to $174,778 in 2023, demonstrating improving financial health.
What is Abounding Service Inc's approach to executive compensation?
Abounding Service Inc reports 0% officer compensation in all available filings, suggesting a volunteer-led organization where no salaries are paid to executives, maximizing funds for programs.
Filing History
IRS 990 filing history for Abounding Service Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Abounding Service Inc's revenue has grown by 93.5%, moving from $96K to $185K. Total assets increased by 29.1% over the same period, from $135K to $175K. Total functional expenses rose by 285.7%, from $41K to $157K. In its most recent filing year (2023), Abounding Service Inc reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $157K | $175K | $0 | — | — |
| 2022 | $179K | $184K | $146K | $0 | — | View 990 |
| 2021 | $146K | $145K | $151K | $0 | — | View 990 |
| 2020 | $162K | $104K | $150K | $0 | — | View 990 |
| 2018 | $101K | $121K | $74K | $0 | — | View 990 |
| 2017 | $51K | $104K | $95K | $0 | — | View 990 |
| 2015 | $96K | $41K | $135K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $157K, and assets of $175K (revenue +3.7% year-over-year).
- 2022: Revenue of $179K, expenses of $184K, and assets of $146K (revenue +22.0% year-over-year).
- 2021: Revenue of $146K, expenses of $145K, and assets of $151K (revenue -9.9% year-over-year).
- 2020: Revenue of $162K, expenses of $104K, and assets of $150K (revenue +61.4% year-over-year).
- 2018: Revenue of $101K, expenses of $121K, and assets of $74K (revenue +99.2% year-over-year).
- 2017: Revenue of $51K, expenses of $104K, and assets of $95K (revenue -47.2% year-over-year).
- 2015: Revenue of $96K, expenses of $41K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abounding Service Inc:
Data Sources and Methodology
This transparency report for Abounding Service 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.