Ability to Thrive Inc

Analysis

Ability to Thrive Inc is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ability to Thrive Inc reported income of $670k and spending of $770k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $670k (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability to Thrive Inc 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 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include The Fish of Roseberg ($670k), Westchester Foundation for the Disabled Inc ($670k) and Ruby Mountain Resource Center ($670k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $478k. At year end it held assets of $156k against liabilities of $64k, net assets of $92k. It reported 26 employees.