Abilities at St Andrews Cove

Analysis

Abilities at St Andrews Cove is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Abilities at St Andrews Cove reported income of $77k and spending of $138k, spending 179% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $82k to $77k (-5.6%), an average of -1.9% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at St Andrews Cove sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Aim Community Living Inc ($77k), Community Apartments Corporation of Beaufort County ($77k) and Forest Manor Community Development Corporation ($77k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $506k against liabilities of $863k, net assets of -$357k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.