Able2 Enhancing Potential Inc

Analysis

Able2 Enhancing Potential Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in December 1978, 48 years ago. 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, Able2 Enhancing Potential Inc reported income of $15.1m and spending of $14.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $15.1m (+0.7%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Able2 Enhancing Potential Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Nebraska Early Childhood Collaborative ($15.1m), Jewish Vocational & Career Counseling Service ($15.1m) and Progressive Healthcare Providers Inc ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 93% of the total. Other salaries and wages came to $8.4m. At year end it held assets of $14.8m against liabilities of $2.8m, net assets of $12.0m. It reported 265 employees.