Abundance Capital
EIN: 872850443 · Greenville, SC · NTEE: T99
| Metric | Value |
|---|---|
| Total Revenue | $837K |
| Total Expenses | $237K |
| Net Assets | $1.8M |
Is Abundance Capital Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Abundance Capital
Abundance Capital (EIN: 872850443) is a nonprofit organization based in Greenville, SC, classified under NTEE code T99. The organization reported total revenue of $837K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abundance Capital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abundance Capital is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 39.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $237K |
| Surplus / Deficit | +$1.0M |
| Total Assets | $1.8M |
| Total Liabilities | $5K |
| Net Assets | $1.8M |
| Operating Margin | 81.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 93.6 months |
Financial Health Grade: A
In 2023, Abundance Capital reported a surplus of $1.0M with revenue exceeding expenses, holds 93.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Abundance Capital's revenue has grown at a compound annual growth rate (CAGR) of 39.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | -34.5% | +129.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abundance Capital has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abundance Capital with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Abundance Capital
Is Abundance Capital a legitimate charity?
Abundance Capital (EIN: 872850443) is a registered tax-exempt nonprofit based in South Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $837K. No red flags identified. Financial health grade: A.
How does Abundance Capital spend its money?
Abundance Capital reported $837K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Abundance Capital tax-deductible?
Abundance Capital is registered as a tax-exempt nonprofit (EIN: 872850443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abundance Capital located?
Abundance Capital is headquartered in Greenville, South Carolina and files with the IRS under EIN 872850443. It is classified under NTEE code T99.
How many years of IRS 990 filings does Abundance Capital have?
Abundance Capital has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $837K in total revenue.
Filing History
IRS 990 filing history for Abundance Capital showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Abundance Capital's revenue has grown by 39.1%, moving from $915K to $1.3M. Total assets increased by 129.4% over the same period, from $805K to $1.8M. Total functional expenses fell by 34.5%, from $361K to $237K. In its most recent filing year (2023), Abundance Capital reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $5K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $237K | $1.8M | $5K | — | — |
| 2022 | $915K | $361K | $805K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abundance Capital:
Data Sources and Methodology
This transparency report for Abundance Capital 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.