The Ability Challenge Incorporated

Analysis

The Ability Challenge Incorporated is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Ability Challenge Incorporated reported income of $1.0m and spending of $564k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $1.0m (+356%), an average of +356% a year. The sharpest change came in the year to December 2023, when income rose by 356%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ability Challenge Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Sentinels of Freedom Scholarshipfoundation ($1.0m), Medical Assisting Education Review Board ($1.0m) and Lewes Public Library Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $70k. At year end it held assets of $477k against liabilities of $12k, net assets of $465k. It reported 1 employees.