I Am Able Foundation

Analysis

I Am Able Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, I Am Able Foundation reported income of $77k and spending of $61k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,514 to $77k (+2096%), an average of +2096% a year. The sharpest change came in the year to December 2023, when income rose by 2096%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, I Am Able Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include WHS Music Boosters Inc ($77k), Cumberland Choral Arts ($77k) and Celebration Company at the Station Theatre ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.