Ability Works Inc

Analysis

Ability Works Inc is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Ability Works Inc reported income of $2.7m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ability Works Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Dubuque Initiatives ($2.7m), Joint Electrical Industry Training Fund ($2.7m) and Heartland Families Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $101k (3.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.8m against liabilities of $174k, net assets of $3.6m. It reported 135 employees.