Abilities at Sierra Apartments Inc

Analysis

Abilities at Sierra Apartments Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 at Sierra Apartments Inc reported income of $223k and spending of $277k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $223k to $223k (-0.2%), an average of -0.1% a year. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abilities at Sierra Apartments Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Gouldsboro Ambulance Squad Inc ($223k), Maddies Mission Foundation ($223k) and Massachusetts Organization for Addiction Recovery Inc ($222k).

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 $62k. At year end it held assets of $549k against liabilities of $1.4m, net assets of -$884k.

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.