Abilities Without Boundries Inc

Analysis

Abilities Without Boundries Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in December 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abilities Without Boundries Inc reported income of $2.7m and spending of $3.0m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $2.7m (+15%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Without Boundries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Change Starts with Me ($2.7m), El Pueblo Community Development Corporation ($2.7m) and Frank Town Open Hearts Ministry Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $76k (2.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $642k. It reported 158 employees.