Able - Artists Breaking Limits & Expectations

Analysis

Able - Artists Breaking Limits & Expectations is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Able - Artists Breaking Limits & Expectations reported income of $316k and spending of $278k, spending 88% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $229k to $316k (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Able - Artists Breaking Limits & Expectations sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include West African Community Center ($316k), Cultureworks ($316k) and West Valley Arts Council ($316k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $56k (20% of expenses). Other salaries and wages came to $105k. At year end it held assets of $273k against liabilities of $8,392, net assets of $265k. It reported 17 employees.