The Im Able Foundation

Analysis

The Im Able Foundation is a registered charity in United States, based in Wyomissing, PA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Im Able Foundation reported income of $517k and spending of $447k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $296k to $517k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Im Able Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Center for Central American Empowerment Inc ($517k), American Friends of Ner Yisroel Inc ($518k) and Pandemonium Rainforest Project Inc ($517k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $45k (10% of expenses). Other salaries and wages came to $171k. At year end it held assets of $416k against liabilities of $96k, net assets of $320k. It reported 4 employees.