Ability Center of Greater Toledo

Analysis

Ability Center of Greater Toledo is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in October 1952, 74 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 September 2023, Ability Center of Greater Toledo reported income of $5.5m and spending of $5.8m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $5.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Center of Greater Toledo sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Childrens Home Inc ($5.5m), Phoebe Corporate and Community Based Services Inc ($5.5m) and Five Star Industries Inc ($5.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $307k (5.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $9.9m against liabilities of $760k, net assets of $9.1m. It reported 72 employees.