Ability Inc

Analysis

Ability Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Ability Inc reported income of $102k and spending of $16k, leaving 85% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $27k to $102k (+281%), an average of +56% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 232% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ability Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within NM. Charities of a similar size with the same main cause include Red Oak Opportunity Foundation ($102k), Destination Duluth ($102k) and Africa Community Aid Dba-Acaid ($102k).

At year end it held assets of $528k against liabilities of $0, net assets of $528k.