Ablepay Inc

Analysis

Ablepay Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ablepay Inc reported income of $121k and spending of $121k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $121k (+6.3%), an average of +6.3% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ablepay 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 42nd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Mitchell Housing Corporation ($121k), Pay It Forward Christmas Charity Inc ($121k) and Raising Relief ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $175k against liabilities of $172k, net assets of $2,935.