Ability Resources

Analysis

Ability Resources is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Ability Resources reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.5m (+15%), an average of +3.6% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Resources sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Fayette Resale Incorporated ($1.5m), Mulherin Custodial Home Inc ($1.5m) and Elder Law of Michigan Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $96k (7.1% of expenses). Other salaries and wages came to $505k. At year end it held assets of $1.1m against liabilities of $226k, net assets of $865k. It reported 11 employees.