Abilities at College Pines Inc

Analysis

Abilities at College Pines Inc 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abilities at College Pines Inc reported income of $177k and spending of $191k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $152k to $177k (+16%), an average of +5.2% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at College Pines Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Woodside Village IV Inc ($177k), Life House Corporation ($177k) and Elizabeth H and Cyrus V Giddings Corporation ($177k).

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 $45k. At year end it held assets of $729k against liabilities of $1.3m, net assets of -$619k.

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.