Abilities Unlimited of the Carolinas Inc

Analysis

Abilities Unlimited of the Carolinas Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Abilities Unlimited of the Carolinas Inc reported income of $249k and spending of $196k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $186k to $249k (+34%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abilities Unlimited of the Carolinas Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Englewood Meals on Wheels Inc ($249k), Look Foundation Inc ($249k) and Angelina Benefit Rodeo Foundation of the Lufkin Host Lions Club ($249k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 21% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.