Abundant Life Community Development Corporation Inc
EIN: 270758422 · New Castle, DE · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $853K |
| Net Assets | $-65,936 |
Is Abundant Life Community Development Corporation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Abundant Life Community Development Corporation Inc
Abundant Life Community Development Corporation Inc (EIN: 270758422) is a nonprofit organization based in New Castle, DE, classified under NTEE code P20. The organization reported total revenue of $1.2M and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abundant Life Community Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abundant Life Community Development Corporation Inc is a mid-size nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 111.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $960K |
| Total Expenses | $853K |
| Surplus / Deficit | +$108K |
| Total Assets | $186K |
| Total Liabilities | $252K |
| Net Assets | $-65,936 |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 135.4% |
| Months of Reserves | 2.6 months |
Financial Health Grade: B
In 2023, Abundant Life Community Development Corporation Inc reported a surplus of $108K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 135.4% (high leverage).
Financial Trends
Over 4 years of filings (2016–2023), Abundant Life Community Development Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 111.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.0% | +58.3% | — |
| 2018 | -100.0% | +1318.2% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abundant Life Community Development Corporation Inc 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 Abundant Life Community Development Corporation Inc 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 $108K, with revenue exceeding expenses.
- Debt-to-asset ratio: 135.4%.
Frequently Asked Questions about Abundant Life Community Development Corporation Inc
Is Abundant Life Community Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abundant Life Community Development Corporation Inc (EIN: 270758422) insufficient data. 0 red flags identified, 0 strengths noted.
How does Abundant Life Community Development Corporation Inc spend its money?
Detailed spending breakdown data is not yet available for Abundant Life Community Development Corporation Inc. Check back for updated IRS 990 analysis.
Are donations to Abundant Life Community Development Corporation Inc tax-deductible?
Abundant Life Community Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 270758422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abundant Life Community Development Corporation Inc located?
Abundant Life Community Development Corporation Inc is headquartered in New Castle, Delaware and files with the IRS under EIN 270758422. It is classified under NTEE code P20.
How many years of IRS 990 filings does Abundant Life Community Development Corporation Inc have?
Abundant Life Community Development Corporation Inc has 4 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Abundant Life Community Development Corporation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2016–2023), Abundant Life Community Development Corporation Inc's revenue has grown by 19108.1%, moving from $5K to $960K. Total assets increased by 18607700% over the same period, from $1 to $186K. Total functional expenses rose by 16957.6%, from $5K to $853K. In its most recent filing year (2023), Abundant Life Community Development Corporation Inc reported a surplus of $108K, with revenue exceeding expenses. The organization holds $252K in liabilities against $186K in assets (debt-to-asset ratio: 135.4%), resulting in net assets of $-65,936.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $960K | $853K | $186K | $252K | — | — |
| 2022 | $628K | $539K | $0 | $0 | — | View 990 |
| 2018 | $0 | $71K | $1 | $71K | — | — |
| 2016 | $5K | $5K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $960K, expenses of $853K, and assets of $186K (revenue +53.0% year-over-year).
- 2022: Revenue of $628K, expenses of $539K, and assets of $0.
- 2018: Revenue of $0, expenses of $71K, and assets of $1 (revenue -100.0% year-over-year).
- 2016: Revenue of $5K, expenses of $5K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abundant Life Community Development Corporation Inc:
Data Sources and Methodology
This transparency report for Abundant Life Community Development Corporation 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.