Ability Experience

Analysis

Ability Experience is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1985, 41 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 September 2023, Ability Experience reported income of $2.4m and spending of $2.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.4m (+0.2%), an average of +0.0% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ability Experience sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include The Connecticut Healthcare Research & Education Foundation Incorp ($2.4m), Alaska Eskimo Whaling Commission ($2.4m) and The Dorsey and Whitney Foundation ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $304k (14% of expenses). Other salaries and wages came to $557k. At year end it held assets of $3.7m against liabilities of $202k, net assets of $3.5m. It reported 15 employees.