Abilities Unlimited of Jonesboro Incorporated

Analysis

Abilities Unlimited of Jonesboro Incorporated is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in December 1964, 62 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 (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 Unlimited of Jonesboro Incorporated reported income of $16.6m and spending of $12.1m, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.3m to $16.6m (+35%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Unlimited of Jonesboro Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Goodwill Industries of Redwood Empire ($16.6m), Homestart Inc ($16.6m) and Delaware Opportunities Inc ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 61% of the total. Other salaries and wages came to $8.9m. At year end it held assets of $14.9m against liabilities of $833k, net assets of $14.1m. It reported 516 employees.