Abilityworks of Oklahoma Inc

Analysis

Abilityworks of Oklahoma Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in January 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, Abilityworks of Oklahoma Inc reported income of $5.4m and spending of $5.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilityworks of Oklahoma 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 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Oakbend Medical Group ($5.4m), YWCA Lancaster ($5.4m) and Valley Day School ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $107k (2.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $6.5m against liabilities of $1.2m, net assets of $5.3m. It reported 163 employees.