Abilities Inc
Abilities Inc shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 111710419 · Albertson, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $6.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6.9 |
| Net Assets | $2.2M |
| Transparency Score | 95/100 |
Is Abilities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abilities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abilities Inc
Abilities Inc (EIN: 111710419) is a nonprofit organization based in Albertson, NY. The organization reported total revenue of $7.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abilities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abilities Inc is a mid-size nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$445K |
| Total Assets | $2.5M |
| Total Liabilities | $328K |
| Net Assets | $2.2M |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Abilities Inc reported a surplus of $445K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Abilities Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +18.3% | +15.0% |
| 2022 | +16.6% | +8.0% | +21.0% |
| 2021 | +10.8% | -8.4% | -13.8% |
| 2020 | -13.7% | -8.9% | +21.7% |
| 2019 | -8.1% | -7.7% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1954 |
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 Inc with a Mission Score of 95 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 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 surplus of $445K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size ($6.9 million in revenue in 2023) and suggests a strong commitment to directing funds to programs.
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.
Strengths
The following positive indicators were identified for Abilities Inc:
- Consistent revenue growth, reaching $6,945,192 in 2023.
- Strong financial health with increasing net assets ($2,500,903 in 2023).
- Significant reduction in liabilities from $2,684,793 in 2014 to $327,748 in 2023.
- Zero reported officer compensation across all filings, indicating high program focus.
- Expenses consistently below revenue in recent periods, demonstrating sound financial management.
Frequently Asked Questions about Abilities Inc
Is Abilities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abilities Inc (EIN: 111710419) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Abilities Inc spend its money?
Abilities Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abilities Inc tax-deductible?
Abilities Inc is registered as a tax-exempt nonprofit (EIN: 111710419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abilities Inc CEO make?
Abilities Inc's highest-compensated officer earns $6.9 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Abilities Inc's spending goes to programs?
Abilities Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Abilities Inc located?
Abilities Inc is headquartered in Albertson, New York and files with the IRS under EIN 111710419.
How many years of IRS 990 filings does Abilities Inc have?
Abilities 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 $7.3M in total revenue.
Is Abilities Inc a good charity?
Based on the available financial data, Abilities Inc appears to be a very good charity. They demonstrate strong financial health, consistent revenue growth, and a remarkable commitment to directing funds towards their mission, evidenced by zero reported officer compensation.
How has Abilities Inc's financial health changed over time?
Abilities Inc has significantly improved its financial health. Liabilities have drastically decreased from $2,684,793 in 2014 to $327,748 in 2023, and net assets have grown consistently, especially in recent years, from $1,797,115 in 2021 to $2,500,903 in 2023.
What is the trend in revenue and expenses for Abilities Inc?
Revenue for Abilities Inc has shown a positive upward trend, increasing from $4,255,477 in 2014 to $6,945,192 in 2023. Expenses have generally remained below revenue in recent periods, contributing to the organization's financial stability and growth in net assets.
Filing History
IRS 990 filing history for Abilities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Abilities Inc's revenue has grown by 39.3%, moving from $5.0M to $6.9M. Total assets increased by 52.5% over the same period, from $1.6M to $2.5M. Total functional expenses rose by 28.7%, from $5.1M to $6.5M. In its most recent filing year (2023), Abilities Inc reported a surplus of $445K, with revenue exceeding expenses. The organization holds $328K in liabilities against $2.5M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $6.5M | $2.5M | $328K | — | — |
| 2022 | $6.7M | $5.5M | $2.2M | $457K | — | View 990 |
| 2021 | $5.8M | $5.1M | $1.8M | $1.3M | — | — |
| 2020 | $5.2M | $5.6M | $2.1M | $2.3M | — | View 990 |
| 2019 | $6.0M | $6.1M | $1.7M | $1.6M | — | View 990 |
| 2018 | $6.6M | $6.6M | $1.9M | $1.7M | — | View 990 |
| 2017 | $6.8M | $6.5M | $2.2M | $2.0M | — | View 990 |
| 2016 | $6.1M | $6.1M | $2.1M | $2.1M | — | View 990 |
| 2015 | $5.9M | $5.4M | $1.9M | $2.4M | — | View 990 |
| 2014 | $4.3M | $4.4M | $1.6M | $2.7M | — | View 990 |
| 2013 | $4.2M | $4.5M | $1.7M | $2.6M | — | — |
| 2012 | $4.3M | $4.7M | $1.5M | $2.2M | — | View 990 |
| 2011 | $5.0M | $5.1M | $1.6M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $6.5M, and assets of $2.5M (revenue +3.3% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.5M, and assets of $2.2M (revenue +16.6% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.1M, and assets of $1.8M (revenue +10.8% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.6M, and assets of $2.1M (revenue -13.7% year-over-year).
- 2019: Revenue of $6.0M, expenses of $6.1M, and assets of $1.7M (revenue -8.1% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.6M, and assets of $1.9M (revenue -3.4% year-over-year).
- 2017: Revenue of $6.8M, expenses of $6.5M, and assets of $2.2M (revenue +11.3% year-over-year).
- 2016: Revenue of $6.1M, expenses of $6.1M, and assets of $2.1M (revenue +3.6% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.4M, and assets of $1.9M (revenue +38.5% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.4M, and assets of $1.6M (revenue +0.4% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.5M, and assets of $1.7M (revenue -1.5% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.7M, and assets of $1.5M (revenue -13.7% year-over-year).
- 2011: Revenue of $5.0M, expenses of $5.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abilities Inc:
Data Sources and Methodology
This transparency report for Abilities 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.