Ability360 Inc

Analysis

Ability360 Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Ability360 Inc reported income of $52.7m and spending of $49.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.1m to $52.7m (+12%), an average of +2.8% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability360 Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Greatcare Inc ($52.7m), Little Havana Activities and Nutrition Centers of Dade County I ($52.7m) and Frasier Meadows Manor Inc ($52.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $480k (1.0% of expenses). Other salaries and wages came to $37.9m. At year end it held assets of $78.2m against liabilities of $4.8m, net assets of $73.4m. It reported 2,090 employees.