A B L E Foundation Inc

Analysis

A B L E Foundation Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, A B L E Foundation Inc reported income of $81k and spending of $40k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $161k to $81k (-49%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A B L E Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Friends of CMH Sumner Community Memorial Hospital Foundation ($81k), United Way of Murray Calloway County Inc ($81k) and Farm School Foundation Inc ($81k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 52% of the total. At year end it held assets of $1.0m against liabilities of $71k, net assets of $930k.