Enable Inc

Analysis

Enable Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2023, Enable Inc reported income of $23.7m and spending of $20.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.4m to $23.7m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Enable Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Penta Group Inc ($23.7m), Clark County Food Bank ($23.7m) and Saddle River Day School Inc ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $374k (1.8% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $22.9m against liabilities of $6.9m, net assets of $16.0m. It reported 363 employees.