Ability Plus Inc

Analysis

Ability Plus Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ability Plus Inc reported income of $10.5m and spending of $12.0m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $15.4m to $10.5m (-32%), an average of -9.0% a year. The sharpest change came in the year to September 2023, when income dropped by 36%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Plus Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Project Amistad ($10.5m), Trustbridge Foundation Inc ($10.5m) and Community Health Provider Alliance ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $750k (6.3% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $8.0m against liabilities of $3.3m, net assets of $4.7m. It reported 382 employees.