Able Ministries

Analysis

Able Ministries is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in September 1998, 28 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, Able Ministries reported income of $88k and spending of $93k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $88k (+23%), an average of +5.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Able Ministries sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Open Hearts Helping Hands Inc ($88k), Adoption Consultants ($88k) and Circle of Hope Foundation Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $61k. At year end it held assets of $31k against liabilities of $0, net assets of $31k.