Abilities Network Inc

Analysis

Abilities Network Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Network Inc reported income of $10.3m and spending of $9.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $10.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abilities Network Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Make a Wish Foundation of Arizona Inc ($10.3m), Community West Foundation ($10.3m) and Shannon Real Estate Services ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $319k (3.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $12.9m against liabilities of $4.9m, net assets of $7.9m. It reported 160 employees.