Able Academy Inc

Analysis

Able Academy Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Able Academy Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 6 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+2.4%), an average of +0.5% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Able Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Womens Care Center of Milwaukee Mother Mary Corporation ($1.4m), Faithworks Health and Wellness Institute ($1.4m) and Tear Film and Ocular Surface Society Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $215k (16% of expenses). Other salaries and wages came to $608k. At year end it held assets of $1.7m against liabilities of $13k, net assets of $1.7m. It reported 23 employees.