Abilities Unlimited of Magnolia Ark Inc

Analysis

Abilities Unlimited of Magnolia Ark Inc is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in April 1965, 61 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 2024, Abilities Unlimited of Magnolia Ark Inc reported income of $827k and spending of $938k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $795k to $827k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 104% 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 Magnolia Ark Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Redwood City Improvement Association ($827k), Building Officials Association of Florida Inc ($828k) and Kauluakalana ($826k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $492k. At year end it held assets of $758k against liabilities of $6,929, net assets of $751k. It reported 16 employees.

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.