Operation Able of Greater Boston Inc

Analysis

Operation Able of Greater Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Operation Able of Greater Boston Inc reported income of $7.0m and spending of $6.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $7.0m (+3.9%), an average of +1.0% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operation Able of Greater Boston Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Ozark Opportunities Inc ($6.9m), National Center for Housing Management Inc ($7.0m) and Oswego Industries Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $470k (6.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $3.2m against liabilities of $2.3m, net assets of $841k. It reported 445 employees.