National Able Network Inc

Analysis

National Able Network Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1974, 52 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 2024, National Able Network Inc reported income of $19.3m and spending of $19.0m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $25.0m to $19.3m (-23%), an average of -6.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Able Network Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Inner-City Scholarship Fund Inc ($19.3m), Total Care Services Inc ($19.3m) and Central Kansas Mental Health Center ($19.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $921k (4.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $11.9m against liabilities of $6.2m, net assets of $5.7m. It reported 813 employees.