Abilities at Casablanca Inc

Analysis

Abilities at Casablanca Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Abilities at Casablanca Inc reported income of $122k and spending of $164k, spending 135% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $116k to $122k (+5.2%), an average of +1.7% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilities at Casablanca Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Happiness House Apartments Housing Development Fund Company Inc ($122k), Next Step of Central Louisiana Inc ($122k) and Accident Community Housing Corp ($122k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $733k against liabilities of $501k, net assets of $232k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.