Abilities Plus

Analysis

Abilities Plus is a registered charity in United States, based in Kewanee, IL. It received its IRS tax-exemption ruling in December 1965, 61 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 June 2023, Abilities Plus reported income of $3.6m and spending of $2.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Plus 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 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Lighthouse Community Investment Agency Inc ($3.6m), Warren-Conner Development Coalition Inc ($3.6m) and Beyond Vision-Aib Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $74k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.5m against liabilities of $586k, net assets of $7.9m. It reported 94 employees.