Abilities Inc of Florida

Analysis

Abilities Inc of Florida is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in April 1961, 65 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Abilities Inc of Florida reported income of $12.0m and spending of $12.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $14.6m to $12.0m (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Inc of Florida sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Detroit Regional Chamber Foundation Inc ($12.0m), Trufund Financial Services Inc ($12.0m) and Core Services Group Inc ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $402k (3.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $9.3m against liabilities of $445k, net assets of $8.9m. It reported 275 employees.