Abilities First Inc

Analysis

Abilities First Inc is a registered charity in United States, based in Wappingers Falls, NY. It received its IRS tax-exemption ruling in May 1965, 61 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 December 2023, Abilities First Inc reported income of $38.4m and spending of $38.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.6m to $38.4m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 35%. 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 First Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Viability Inc ($38.4m), Pathfinder Inc ($38.7m) and Central Texas Workforce Development Board Inc ($38.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $748k (1.9% of expenses). Other salaries and wages came to $21.3m. At year end it held assets of $27.5m against liabilities of $18.6m, net assets of $8.9m. It reported 800 employees.