Able Academy

Analysis

Able Academy is a registered charity in United States, based in Warrenville, IL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Able Academy reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $764k to $1.8m (+130%), an average of +18% a year. The sharpest change came in the year to July 2020, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Able Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Village Pre-School Inc ($1.8m), Strategic Community Partners Inc ($1.8m) and Rosen Parramore PS 8 Foundation Inc ($1.8m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (6.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $398k against liabilities of $189k, net assets of $209k. It reported 39 employees.