Ability Foundation

Analysis

Ability Foundation is a registered charity in United States, based in West Valley City, UT. It received its IRS tax-exemption ruling in April 1993, 33 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 December 2023, Ability Foundation reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ability Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within UT. Charities of a similar size with the same main cause include Metropolitan Ministries Foundation Inc ($3.1m), House of Cherith Inc ($3.1m) and Kids Unlimited Services Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (2.8% of expenses). At year end it held assets of $434k against liabilities of $0, net assets of $434k. It reported 1 employees.