Abilities Unlimited Of The Carolinas Inc
Abilities Unlimited Of The Carolinas Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 202961087 · Charlotte, NC · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $246K |
| Total Expenses | $196K |
| Program Spending | 85% |
| Net Assets | $329K |
| Transparency Score | 88/100 |
Is Abilities Unlimited Of The Carolinas Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abilities Unlimited Of The Carolinas Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abilities Unlimited Of The Carolinas Inc
Abilities Unlimited Of The Carolinas Inc (EIN: 202961087) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P99. The organization reported total revenue of $246K and total assets of $321K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abilities Unlimited Of The Carolinas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abilities Unlimited Of The Carolinas Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $196K |
| Surplus / Deficit | +$53K |
| Total Assets | $329K |
| Net Assets | $329K |
| Operating Margin | 21.4% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2024, Abilities Unlimited Of The Carolinas Inc reported a surplus of $53K with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2024), Abilities Unlimited Of The Carolinas Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +33.5% | +13.1% | +25.4% |
| 2023 | +31.3% | -7.7% | +17.7% |
| 2022 | -8.0% | +172.9% | -16.9% |
| 2021 | +9.3% | -41.2% | +46.9% |
| 2020 | +47.0% | +66.0% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Unlimited Of The Carolinas Inc with a Mission Score of 88 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 Unlimited Of The Carolinas 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is highly favorable for a nonprofit of this size.
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 Unlimited Of The Carolinas Inc:
- Consistent revenue growth, increasing from $75,758 in 2015 to $248,908 in 2024.
- Strong asset accumulation, growing from $114,886 in 2015 to $329,368 in 2024.
- Consistently reported 0% officer compensation across all filings, indicating efficient use of funds.
- Excellent financial stability with negligible liabilities ($0 in most recent filings).
- Consistent generation of operating surpluses, such as $53,301 in 2024, contributing to reserves and sustainability.
Frequently Asked Questions about Abilities Unlimited Of The Carolinas Inc
Is Abilities Unlimited Of The Carolinas Inc a legitimate charity?
Abilities Unlimited Of The Carolinas Inc (EIN: 202961087) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $246K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Abilities Unlimited Of The Carolinas Inc spend its money?
Abilities Unlimited Of The Carolinas Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Abilities Unlimited Of The Carolinas Inc tax-deductible?
Abilities Unlimited Of The Carolinas Inc is registered as a tax-exempt nonprofit (EIN: 202961087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Abilities Unlimited Of The Carolinas Inc's spending goes to programs?
Abilities Unlimited Of The Carolinas Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abilities Unlimited Of The Carolinas Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Abilities Unlimited Of The Carolinas Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abilities Unlimited Of The Carolinas Inc located?
Abilities Unlimited Of The Carolinas Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 202961087. It is classified under NTEE code P99.
How many years of IRS 990 filings does Abilities Unlimited Of The Carolinas Inc have?
Abilities Unlimited Of The Carolinas 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 $246K in total revenue.
Is Abilities Unlimited Of The Carolinas Inc a good charity?
Based on the provided financial data, Abilities Unlimited Of The Carolinas Inc appears to be a well-managed and financially healthy charity. It demonstrates consistent revenue growth, strong asset accumulation, and a notable absence of reported officer compensation, all positive indicators.
How has the organization's revenue trended over time?
The organization has shown strong and consistent revenue growth, increasing from $75,758 in 2015 to $248,908 in 2024, indicating expanding operations and support.
What is the organization's financial stability?
Abilities Unlimited Of The Carolinas Inc exhibits excellent financial stability, with assets growing to $329,368 in 2024 and consistently reporting $0 in liabilities for most periods, indicating a strong balance sheet and solvency.
Does the organization spend efficiently?
Yes, in the latest period (202406), the organization's expenses were $195,607 against revenues of $248,908, resulting in a significant surplus. This suggests efficient management of resources relative to its income.
Filing History
IRS 990 filing history for Abilities Unlimited Of The Carolinas Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Abilities Unlimited Of The Carolinas Inc's revenue has grown by 489.8%, moving from $42K to $249K. Total assets increased by 347.9% over the same period, from $74K to $329K. Total functional expenses rose by 394.5%, from $40K to $196K. In its most recent filing year (2024), Abilities Unlimited Of The Carolinas Inc reported a surplus of $53K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $249K | $196K | $329K | $0 | — | — |
| 2023 | $186K | $173K | $263K | $0 | — | — |
| 2022 | $142K | $187K | $223K | $0 | — | View 990 |
| 2021 | $154K | $69K | $269K | $0 | — | — |
| 2020 | $141K | $117K | $183K | $0 | — | View 990 |
| 2019 | $96K | $70K | $158K | $0 | — | View 990 |
| 2018 | $94K | $79K | $133K | $0 | — | View 990 |
| 2017 | $93K | $102K | $118K | $0 | — | View 990 |
| 2016 | $79K | $63K | $126K | $0 | — | View 990 |
| 2015 | $76K | $66K | $115K | $4K | — | View 990 |
| 2013 | $72K | $40K | $97K | $500 | — | View 990 |
| 2012 | $39K | $44K | $68K | $4K | — | View 990 |
| 2011 | $42K | $40K | $74K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $249K, expenses of $196K, and assets of $329K (revenue +33.5% year-over-year).
- 2023: Revenue of $186K, expenses of $173K, and assets of $263K (revenue +31.3% year-over-year).
- 2022: Revenue of $142K, expenses of $187K, and assets of $223K (revenue -8.0% year-over-year).
- 2021: Revenue of $154K, expenses of $69K, and assets of $269K (revenue +9.3% year-over-year).
- 2020: Revenue of $141K, expenses of $117K, and assets of $183K (revenue +47.0% year-over-year).
- 2019: Revenue of $96K, expenses of $70K, and assets of $158K (revenue +2.2% year-over-year).
- 2018: Revenue of $94K, expenses of $79K, and assets of $133K (revenue +0.8% year-over-year).
- 2017: Revenue of $93K, expenses of $102K, and assets of $118K (revenue +18.1% year-over-year).
- 2016: Revenue of $79K, expenses of $63K, and assets of $126K (revenue +4.2% year-over-year).
- 2015: Revenue of $76K, expenses of $66K, and assets of $115K (revenue +5.9% year-over-year).
- 2013: Revenue of $72K, expenses of $40K, and assets of $97K (revenue +84.0% year-over-year).
- 2012: Revenue of $39K, expenses of $44K, and assets of $68K (revenue -7.9% year-over-year).
- 2011: Revenue of $42K, expenses of $40K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abilities Unlimited Of The Carolinas Inc:
Data Sources and Methodology
This transparency report for Abilities Unlimited Of The Carolinas 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.