Abilitypoint Inc

Analysis

Abilitypoint Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1955, 71 years ago. 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, Abilitypoint Inc reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilitypoint Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include South Pasadena Educational Foundation ($2.5m), Tennessee Coalition to End Domestic and Sexual Violence ($2.5m) and Friendly Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.6m (64% of expenses). At year end it held assets of $2.5m against liabilities of $240k, net assets of $2.2m. It reported 76 employees.