Is-Able Ministries

Analysis

Is-Able Ministries is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 2004, 22 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, Is-Able Ministries reported income of $508k and spending of $525k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $508k (+118%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Is-Able Ministries sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Happy Kids Daycare & Preschool Inc ($508k), Light of Hope Inc ($508k) and Cove Center for Grieving Children Inc ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $43k. At year end it held assets of $200k against liabilities of $0, net assets of $200k. It reported 7 employees.