Achieve Ability Inc

Analysis

Achieve Ability Inc is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Achieve Ability Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $38k to $1.3m (+3444%), an average of +495% a year. The sharpest change came in the year to June 2023, when income rose by 1713%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Achieve Ability Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Delaware County Local Development Corporation ($1.3m), Landmarks Community Capital Corporation ($1.3m) and Mbdi Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $138k (11% of expenses). Other salaries and wages came to $543k. At year end it held assets of $350k against liabilities of $350k, net assets of $0. It reported 26 employees.