Abilitypath

Analysis

Abilitypath is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 1946, 80 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, Abilitypath reported income of $19.3m and spending of $24.0m, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $23.3m to $19.3m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilitypath sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Cypress Hills Local Development Corporation Inc ($19.3m), Goodwill Industries of the Valleys Inc ($19.3m) and Adams and Brown Counties Economic Opportunities Inc ($19.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.9m (8.1% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $26.9m against liabilities of $5.0m, net assets of $21.9m. It reported 378 employees.