Abilities at Morningside II Inc

Analysis

Abilities at Morningside II Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 2010, 16 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 (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 2023, Abilities at Morningside II Inc reported income of $70k and spending of $102k, spending 146% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $66k to $70k (+5.7%), an average of +1.9% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at Morningside II Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Frankford Elderly Housing Corporation ($70k), Gates County Housing Committee ($70k) and Twindad International Inc ($70k).

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 $24k. At year end it held assets of $956k against liabilities of $1.3m, net assets of -$325k.

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.