Abilities First Foundation Inc

Analysis

Abilities First Foundation Inc is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in September 1961, 65 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 December 2023, Abilities First Foundation Inc reported income of $2.2m and spending of $2.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.2m (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abilities First Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Trauma Institute & Child Trauma Institute Inc ($2.2m), Terre Haute Catholic Charities Foodbank Inc ($2.2m) and Neuse Enterprises Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $94k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $817k, net assets of $1.1m. It reported 78 employees.