Abilities Unlmited of Hot Springs Arkansas Inc

Analysis

Abilities Unlmited of Hot Springs Arkansas Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in August 1966, 60 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 2024, Abilities Unlmited of Hot Springs Arkansas Inc reported income of $4.5m and spending of $4.1m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.1m to $4.5m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Unlmited of Hot Springs Arkansas Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within AR. Charities of a similar size with the same main cause include Energy Cents Commit Energy Now to Survive ($4.4m), New York Yacht Club Foundation ($4.5m) and Operation Stand Down Rhode Island ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 60% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $6.6m against liabilities of $1.0m, net assets of $5.6m. It reported 168 employees.