The Ablegamers Foundation Inc

Analysis

The Ablegamers Foundation Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, The Ablegamers Foundation Inc reported income of $1.7m and spending of $2.7m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.7m (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 187%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Ablegamers Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within WV. Charities of a similar size with the same main cause include Freedom Trail Foundation Inc ($1.7m), Counterpublic ($1.7m) and Bay Area Cultural Connections ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $449k (17% of expenses). Other salaries and wages came to $976k. At year end it held assets of $3.7m against liabilities of $572k, net assets of $3.1m. It reported 17 employees.