Cape Abilities Inc

Analysis

Cape Abilities Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cape Abilities Inc reported income of $22.7m and spending of $22.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.3m to $22.7m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cape Abilities Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Sierra Vista Child & Family Services ($22.7m), Eastern Illinois Foodbank ($22.8m) and Arkansas Early Learning Inc ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $249k (1.1% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $18.8m against liabilities of $4.5m, net assets of $14.4m. It reported 362 employees.