Abilities at Eagles Nest Inc

Analysis

Abilities at Eagles Nest Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Eagles Nest Inc reported income of $72k and spending of $91k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $68k to $72k (+6.1%), an average of +2.0% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at Eagles Nest Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Haven on Broad South Inc ($72k), Independent Living Horizons Twelve Inc ($72k) and Central Mississippi Assisted Living Home ($72k).

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 $15k. At year end it held assets of $562k against liabilities of $773k, net assets of -$211k.

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.