Ablelight Inc

Analysis

Ablelight Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in August 1937, 89 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Ablelight Inc reported income of $93.6m and spending of $109.2m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $103.6m to $93.6m (-9.7%), an average of -2.5% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ablelight Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include The Connecticut Institute for the Blind Inc ($93.5m), Hospice of Palm Beach County Inc ($93.7m) and Dr Gertrude a Barber Center Inc ($93.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.8m (1.7% of expenses). Other salaries and wages came to $56.2m. It paid $613k in professional fundraising fees. At year end it held assets of $170.7m against liabilities of $37.3m, net assets of $133.4m. It reported 1,849 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.