Able-Services Inc

Analysis

Able-Services Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in January 2007, 19 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, Able-Services Inc reported income of $2.0m and spending of $1.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.0m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Able-Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Martinsvill-Henry County Economic Development Corporation ($2.0m), Downtown Akron Partnership Inc ($2.0m) and Lake Merritt-Uptown District Association ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $117k (7.6% of expenses). Other salaries and wages came to $883k. At year end it held assets of $1.8m against liabilities of $61k, net assets of $1.8m. It reported 28 employees.