I Am Able Center for Family Development

Analysis

I Am Able Center for Family Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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 June 2023, I Am Able Center for Family Development reported income of $2.3m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, I Am Able Center for Family Development sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Second Presbyterian Church Preschool Inc ($2.3m), Interfaith Association of Northwest Washington ($2.3m) and Wisconsin Center for Education Products and Services Wceps Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $113k (4.8% of expenses). At year end it held assets of $1.1m against liabilities of $250k, net assets of $801k. It reported 44 employees.