Able Charities Inc USA

Analysis

Able Charities Inc USA is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in January 2004, 22 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, Able Charities Inc USA reported income of $111k and spending of $100k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $111k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Able Charities Inc USA sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Hero Fund America Inc ($111k), Ace Basin Growers ($111k) and Globalfest Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.