Ability Partners Foundation

Analysis

Ability Partners Foundation is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ability Partners Foundation reported income of $591k and spending of $437k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $539k to $591k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Partners Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Cadre Inc ($591k), Lake County Missions Thrift Store Inc ($591k) and Lighthouse Project Inc ($591k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $149k (34% of expenses). Other salaries and wages came to $20k. At year end it held assets of $4.4m against liabilities of $99k, net assets of $4.3m.