Think Ability Inc

Analysis

Think Ability Inc is a registered charity in United States, based in Duncan, OK. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Think Ability Inc reported income of $9.7m and spending of $9.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $9.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Think Ability Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Cliff Valley School Incorporated ($9.6m), Family Life Center ($9.7m) and Tangram Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $7.2m against liabilities of $1.2m, net assets of $5.9m. It reported 427 employees.