Ablelight Foundation Inc

Analysis

Ablelight Foundation Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ablelight Foundation Inc reported income of $7.0m and spending of $439k, leaving 94% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.7m to $7.0m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to August 2023, when income rose by 35%. Over the whole period it spent 6.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ablelight Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Suicide Prevention and Crisis Service Inc ($7.0m), Hillcrest Health System Inc ($7.0m) and Finger Lakes Health Foundation Inc ($7.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.5% of the total. At year end it held assets of $104.8m against liabilities of $5.4m, net assets of $99.4m.