Ability Building Services Inc

Analysis

Ability Building Services Inc is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ability Building Services Inc reported income of $8.8m and spending of $8.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $8.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Building Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Saint Johns Program for Real Change ($8.8m), Redwood Community Action Agency ($8.8m) and The National Alliance for Hispanic Health ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $206k (2.4% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $10.4m against liabilities of $3.9m, net assets of $6.4m. It reported 174 employees.