Abilities Inc

Analysis

Abilities Inc is a registered charity in United States, based in Albertson, NY. It received its IRS tax-exemption ruling in April 1954, 72 years ago. 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, Abilities Inc reported income of $6.9m and spending of $6.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilities 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 91st percentile within NY. Charities of a similar size with the same main cause include Stuart Hall School for Boys ($6.9m), International Association of Assessing Officers ($6.9m) and Community Action of Southern Indiana Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $197k (3.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.5m against liabilities of $328k, net assets of $2.2m. It reported 167 employees.