Ability KC Industries

Analysis

Ability KC Industries is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Ability KC Industries reported income of $913k and spending of $789k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $913k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ability KC Industries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include One Square World ($913k), Brunswick County Economic Development Foundation Inc ($914k) and Washington Interfaith Network ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $408k. At year end it held assets of $2.2m against liabilities of $1,551, net assets of $2.2m. It reported 72 employees.