Abilities at Crestview II Inc

Analysis

Abilities at Crestview II Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abilities at Crestview II Inc reported income of $79k and spending of $95k, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $75k to $79k (+6.2%), an average of +2.0% a year. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities at Crestview II Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Junior League of Lynchburg Va ($79k), Abide in Love ($79k) and Historic Florence Foundation Inc ($79k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $750k against liabilities of $939k, net assets of -$189k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.