Able Works

Analysis

Able Works is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Able Works reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.7m (+49%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 96%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Able Works sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Cooperacion Santa Ana ($1.7m), Charlotte Regional Business Alliance Foundation ($1.7m) and United Ways of Iowa ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $131k (8.0% of expenses). Other salaries and wages came to $799k. At year end it held assets of $1.2m against liabilities of $333k, net assets of $869k. It reported 21 employees.