Abilities Plus
EIN: 362841697 · Kewanee, IL · NTEE: J300
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $2.9M |
| Net Assets | $7.9M |
Is Abilities Plus Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Abilities Plus
Abilities Plus (EIN: 362841697) is a nonprofit organization based in Kewanee, IL, classified under NTEE code J300. The organization reported total revenue of $4.1M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abilities Plus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abilities Plus is a mid-size nonprofit that has been operating for 61 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$766K |
| Total Assets | $8.5M |
| Total Liabilities | $586K |
| Net Assets | $7.9M |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 35.7 months |
Financial Health Grade: A
In 2023, Abilities Plus reported a surplus of $766K with revenue exceeding expenses, holds 35.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Abilities Plus's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +11.1% | +10.7% |
| 2022 | -1.0% | +8.7% | +6.4% |
| 2021 | +34.0% | +7.6% | +15.8% |
| 2020 | -3.5% | +11.6% | +7.5% |
| 2019 | +22.8% | +6.5% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abilities Plus has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abilities Plus with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $766K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Frequently Asked Questions about Abilities Plus
Is Abilities Plus a legitimate charity?
Based on AI analysis of IRS 990 filings, Abilities Plus (EIN: 362841697) insufficient data. 0 red flags identified, 0 strengths noted.
How does Abilities Plus spend its money?
Detailed spending breakdown data is not yet available for Abilities Plus. Check back for updated IRS 990 analysis.
Are donations to Abilities Plus tax-deductible?
Abilities Plus is registered as a tax-exempt nonprofit (EIN: 362841697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abilities Plus located?
Abilities Plus is headquartered in Kewanee, Illinois and files with the IRS under EIN 362841697. It is classified under NTEE code J300.
How many years of IRS 990 filings does Abilities Plus have?
Abilities Plus has 12 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 $4.1M in total revenue.
Filing History
IRS 990 filing history for Abilities Plus showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Abilities Plus's revenue has grown by 78.9%, moving from $2.0M to $3.6M. Total assets increased by 85.8% over the same period, from $4.6M to $8.5M. Total functional expenses rose by 50%, from $1.9M to $2.9M. In its most recent filing year (2023), Abilities Plus reported a surplus of $766K, with revenue exceeding expenses. The organization holds $586K in liabilities against $8.5M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.9M | $8.5M | $586K | — | View 990 |
| 2022 | $3.4M | $2.6M | $7.7M | $569K | — | View 990 |
| 2021 | $3.4M | $2.4M | $7.2M | $849K | — | View 990 |
| 2020 | $2.5M | $2.2M | $6.2M | $1.0M | — | View 990 |
| 2019 | $2.6M | $2.0M | $5.8M | $931K | — | View 990 |
| 2018 | $2.2M | $1.8M | $5.1M | $950K | — | View 990 |
| 2017 | $2.3M | $1.9M | $4.9M | $1.1M | — | View 990 |
| 2016 | $2.1M | $1.9M | $4.6M | $1.2M | — | View 990 |
| 2015 | $2.0M | $1.9M | $4.5M | $1.4M | — | View 990 |
| 2014 | $1.9M | $1.9M | $4.5M | $1.4M | — | View 990 |
| 2013 | $1.9M | $1.9M | $4.6M | $1.6M | — | View 990 |
| 2012 | $2.0M | $1.9M | $4.6M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.9M, and assets of $8.5M (revenue +7.0% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.6M, and assets of $7.7M (revenue -1.0% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.4M, and assets of $7.2M (revenue +34.0% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.2M, and assets of $6.2M (revenue -3.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.0M, and assets of $5.8M (revenue +22.8% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.8M, and assets of $5.1M (revenue -8.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.9M, and assets of $4.9M (revenue +10.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.9M, and assets of $4.6M (revenue +6.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $4.5M (revenue +2.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $4.5M (revenue +1.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $4.6M (revenue -5.0% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.9M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abilities Plus:
Data Sources and Methodology
This transparency report for Abilities Plus 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.