Able South Carolina

Analysis

Able South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Able South Carolina reported income of $6.2m and spending of $6.5m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $6.2m (+134%), an average of +24% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Able South Carolina sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include The New York Times Communities Fund ($6.2m), Wisconsin Regional Training Partnership Inc ($6.2m) and Thedacare Family of Foundations Inc ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $136k (2.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.4m against liabilities of $964k, net assets of $2.5m. It reported 69 employees.