Abilities First Inc
Abilities First Inc. shows consistent revenue growth and asset accumulation, with no reported officer compensation in available filings.
EIN: 141467427 · Wappingers Falls, NY · NTEE: J33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.8M |
| Total Expenses | $38.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $45M |
| Net Assets | $8.9M |
| Transparency Score | 80/100 |
Is Abilities First Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abilities First Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abilities First Inc
Abilities First Inc (EIN: 141467427) is a nonprofit organization based in Wappingers Falls, NY, classified under NTEE code J33Z. The organization reported total revenue of $45.8M and total assets of $33.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abilities First Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abilities First Inc is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.4M |
| Total Expenses | $38.6M |
| Surplus / Deficit | $-149,310 |
| Total Assets | $27.5M |
| Total Liabilities | $18.6M |
| Net Assets | $8.9M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 67.7% |
| Months of Reserves | 8.5 months |
Financial Health Grade: C
In 2023, Abilities First Inc reported a deficit of $149K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 67.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Abilities First Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.1% | -6.0% | -5.8% |
| 2022 | +35.4% | +22.2% | +75.3% |
| 2021 | -11.7% | +3.0% | -21.9% |
| 2020 | -3.8% | -13.5% | +17.1% |
| 2019 | +3.7% | +4.9% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abilities First Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Abilities First Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $149K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.7%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% officer compensation across all available filing periods. This is unusual for an organization of this size ($45M+ revenue) and warrants further investigation to understand how executive leadership is compensated, if at all, or if it's reported under different expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abilities First Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation.
- Occasional periods where expenses slightly exceed revenue, such as in 2023 and 2021, though overall asset growth suggests these are managed.
Strengths
The following positive indicators were identified for Abilities First Inc:
- Consistent revenue growth over the past decade, indicating strong financial sustainability.
- Significant asset growth from $11.4M in 2014 to $33.7M currently, demonstrating increasing capacity.
- Stable financial operations with a large scale, serving a critical NTEE sector (Services for People with Disabilities).
Frequently Asked Questions about Abilities First Inc
Is Abilities First Inc a legitimate charity?
Abilities First Inc (EIN: 141467427) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $45.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Abilities First Inc spend its money?
Abilities First Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Abilities First Inc tax-deductible?
Abilities First Inc is registered as a tax-exempt nonprofit (EIN: 141467427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abilities First Inc CEO make?
Abilities First Inc's highest-compensated officer earns $45M annually. The organization reported $45.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Abilities First Inc's spending goes to programs?
Abilities First Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abilities First Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Abilities First Inc is above average for NTEE category J33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abilities First Inc located?
Abilities First Inc is headquartered in Wappingers Falls, New York and files with the IRS under EIN 141467427. It is classified under NTEE code J33Z.
How many years of IRS 990 filings does Abilities First Inc have?
Abilities First Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $45.8M in total revenue.
How does Abilities First Inc. manage to report 0% officer compensation given its size and operational scope?
The consistent reporting of 0% officer compensation across all available IRS 990 filings for an organization with over $45 million in revenue is highly unusual. This could indicate that executive compensation is either extremely low, paid by a related entity, or categorized differently within the expense structure, requiring a deeper review of the full 990 forms for clarification.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A full IRS 990 form would be necessary to accurately determine these percentages and assess spending efficiency.
What is the organization's strategy for managing periods where expenses exceed revenue, such as in 2023 and 2021?
In periods like 2023 (expenses $38.5M vs. revenue $38.4M) and 2021 (expenses $33.5M vs. revenue $31.9M), Abilities First Inc. experienced slight deficits. Given the overall growth in assets, these deficits appear to be managed, likely through reserves or strategic investments, but the specific strategies are not detailed in the summary data.
Filing History
IRS 990 filing history for Abilities First Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Abilities First Inc's revenue has grown by 35.1%, moving from $28.4M to $38.4M. Total assets increased by 100% over the same period, from $13.7M to $27.5M. Total functional expenses rose by 37%, from $28.2M to $38.6M. In its most recent filing year (2023), Abilities First Inc reported a deficit of $149K, with expenses exceeding revenue. The organization holds $18.6M in liabilities against $27.5M in assets (debt-to-asset ratio: 67.7%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.4M | $38.6M | $27.5M | $18.6M | — | — |
| 2022 | $43.2M | $41.0M | $29.1M | $20.5M | — | View 990 |
| 2021 | $31.9M | $33.6M | $16.6M | $9.4M | — | View 990 |
| 2020 | $36.1M | $32.6M | $21.3M | $12.3M | — | View 990 |
| 2019 | $37.6M | $37.7M | $18.2M | $13.1M | — | View 990 |
| 2018 | $36.3M | $35.9M | $17.0M | $12.0M | — | View 990 |
| 2017 | $35.3M | $34.1M | $14.6M | $9.8M | — | View 990 |
| 2016 | $32.3M | $32.2M | $12.9M | $9.3M | — | View 990 |
| 2015 | $30.0M | $29.7M | $12.2M | $8.8M | — | View 990 |
| 2014 | $28.1M | $27.8M | $11.5M | $8.3M | — | View 990 |
| 2013 | $27.4M | $27.2M | $12.2M | $9.3M | — | View 990 |
| 2012 | $29.0M | $29.5M | $12.3M | $10.0M | — | View 990 |
| 2011 | $28.4M | $28.2M | $13.7M | $10.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.4M, expenses of $38.6M, and assets of $27.5M (revenue -11.1% year-over-year).
- 2022: Revenue of $43.2M, expenses of $41.0M, and assets of $29.1M (revenue +35.4% year-over-year).
- 2021: Revenue of $31.9M, expenses of $33.6M, and assets of $16.6M (revenue -11.7% year-over-year).
- 2020: Revenue of $36.1M, expenses of $32.6M, and assets of $21.3M (revenue -3.8% year-over-year).
- 2019: Revenue of $37.6M, expenses of $37.7M, and assets of $18.2M (revenue +3.7% year-over-year).
- 2018: Revenue of $36.3M, expenses of $35.9M, and assets of $17.0M (revenue +2.7% year-over-year).
- 2017: Revenue of $35.3M, expenses of $34.1M, and assets of $14.6M (revenue +9.4% year-over-year).
- 2016: Revenue of $32.3M, expenses of $32.2M, and assets of $12.9M (revenue +7.7% year-over-year).
- 2015: Revenue of $30.0M, expenses of $29.7M, and assets of $12.2M (revenue +6.7% year-over-year).
- 2014: Revenue of $28.1M, expenses of $27.8M, and assets of $11.5M (revenue +2.5% year-over-year).
- 2013: Revenue of $27.4M, expenses of $27.2M, and assets of $12.2M (revenue -5.4% year-over-year).
- 2012: Revenue of $29.0M, expenses of $29.5M, and assets of $12.3M (revenue +1.8% year-over-year).
- 2011: Revenue of $28.4M, expenses of $28.2M, and assets of $13.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abilities First Inc:
Data Sources and Methodology
This transparency report for Abilities First Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.