Ability Counts Inc

Analysis

Ability Counts Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in February 1987, 39 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 December 2023, Ability Counts Inc reported income of $9.0m and spending of $8.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $9.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ability Counts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Valley Resource Center Inc ($9.0m), Hungry Hill Community Development Corporation ($9.0m) and Open Door Rehabilitation Center ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $114k (1.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $8.8m against liabilities of $3.2m, net assets of $5.6m. It reported 256 employees.