N-Abletek Inc

Analysis

N-Abletek Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in August 2020, 6 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 2024, N-Abletek Inc reported income of $545k and spending of $400k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $560k to $545k (-2.7%), an average of -0.9% a year. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, N-Abletek Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Knights of Columbus Charties of Georgia Inc ($545k), Thurston County Chamber Foundation ($545k) and Big Brothers Big Sisters of Harrisonburg-Rockingham County Inc ($545k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $168k (42% of expenses). At year end it held assets of $878k against liabilities of $25k, net assets of $853k. It reported 3 employees.