Abilities Richmond

Analysis

Abilities Richmond is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Abilities Richmond reported income of $4.1m and spending of $4.0m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $630k to $4.1m (+557%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abilities Richmond sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include The Willows Foundation Inc ($4.1m), Pine Harbour Inc ($4.1m) and Project Worthmore ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $297k (7.4% of expenses). At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 103 employees.