Abundant Life Corp Inc
EIN: 474717635 · Orangeburg, SC · NTEE: L21
| Metric | Value |
|---|---|
| Total Expenses | $69K |
| Net Assets | $190K |
Is Abundant Life Corp 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 Corp Inc
Abundant Life Corp Inc (EIN: 474717635) is a nonprofit organization based in Orangeburg, SC, classified under NTEE code L21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abundant Life Corp Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abundant Life Corp Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 67.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $69K |
| Surplus / Deficit | +$61K |
| Total Assets | $190K |
| Net Assets | $190K |
| Operating Margin | 47.1% |
| Months of Reserves | 33.3 months |
Financial Health Grade: A
In 2023, Abundant Life Corp Inc reported a surplus of $61K with revenue exceeding expenses, holds 33.3 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Abundant Life Corp Inc's revenue has grown at a compound annual growth rate (CAGR) of 67.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -27.4% | +47.3% |
| 2022 | +6.5% | -20.2% | +32.2% |
| 2021 | +338.2% | +344.7% | +472.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abundant Life Corp 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 Corp 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 $61K, with revenue exceeding expenses.
Frequently Asked Questions about Abundant Life Corp Inc
Is Abundant Life Corp Inc a legitimate charity?
Abundant Life Corp Inc (EIN: 474717635) is a registered tax-exempt nonprofit based in South Carolina. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Abundant Life Corp Inc spend its money?
Abundant Life Corp Inc reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Abundant Life Corp Inc tax-deductible?
Abundant Life Corp Inc is registered as a tax-exempt nonprofit (EIN: 474717635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abundant Life Corp Inc located?
Abundant Life Corp Inc is headquartered in Orangeburg, South Carolina and files with the IRS under EIN 474717635. It is classified under NTEE code L21.
How many years of IRS 990 filings does Abundant Life Corp Inc have?
Abundant Life Corp Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Abundant Life Corp Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Abundant Life Corp Inc's revenue has grown by 368%, moving from $28K to $130K. Total assets increased by 1015.3% over the same period, from $17K to $190K. Total functional expenses rose by 157.7%, from $27K to $69K. In its most recent filing year (2023), Abundant Life Corp Inc reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $69K | $190K | $0 | — | View 990 |
| 2022 | $129K | $94K | $129K | $0 | — | View 990 |
| 2021 | $121K | $118K | $98K | $0 | — | View 990 |
| 2020 | $28K | $27K | $17K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $69K, and assets of $190K (revenue +0.3% year-over-year).
- 2022: Revenue of $129K, expenses of $94K, and assets of $129K (revenue +6.5% year-over-year).
- 2021: Revenue of $121K, expenses of $118K, and assets of $98K (revenue +338.2% year-over-year).
- 2020: Revenue of $28K, expenses of $27K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abundant Life Corp Inc:
Data Sources and Methodology
This transparency report for Abundant Life Corp 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.