A B L E Inc

Analysis

A B L E Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in November 1979, 47 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 December 2023, A B L E Inc reported income of $6.0m and spending of $6.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $6.0m (-15%), an average of -4.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A B L E Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Achievement House Inc ($6.0m), Food for Thought ($6.0m) and John Tracy Clinic ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $252k (3.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.4m against liabilities of $2.5m, net assets of $6.9m. It reported 188 employees.