Ability Housing Inc

Analysis

Ability Housing Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover health care, 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 December 2023, Ability Housing Inc reported income of $8.5m and spending of $8.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $8.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ability Housing Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Global Genes ($8.5m), Lifeshare Tissue Services Inc ($8.5m) and Linton Hospital ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $206k (2.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $41.3m against liabilities of $29.3m, net assets of $11.9m. It reported 28 employees.